Nifty: F&O Data analysis

Nifty
Closing price 9383

This is our Nifty 14-May-2020 expiry strategy view

Data analysis

FIIs net bought 1626 Contracts amounting -48.87 Cr


Futures Data
FIIS squared off 11.47 K Long contracts & also exited 13.09 K Contracts from Short positions. In doing so, their over all Open Interest in Index futures has come down to just 78K contracts (40.1K Long & 38.1K Shorts).

Retail participants booked profits in 131 contracts & added 3.3K Short contracts.

Pro / Brokers booked profits in 1096 Long contracts & added 568 Short contracts

Call Option data

Retail participants bought 92.08 K Call options & created 71.08 Short contracts

FIIs booked profits in 2054 Long Call options & created 17.8K Short contracts

Pro / Brokers bought 39.5 K Call options & created 40.65 Short contracts

Put Option data

Retail participants bought 48.1 K Put options & created 36.1K Put Short contracts

FIIs booked profits in 6786 Put Long options & created 3.58K Put Short contracts

Pro / Brokers bought 10.4 K Put options & created 17.07 Put Short contracts

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Looking at the Futures Open Interest data, I must say, just 78 K; this is the least Open Interest number of FIIs that I could remember I have seen.

Retail participants have been more active on the Call buy side & may likely be disappointed tomorrow.

Nifty staying below 9240 -9260 levels may likely increase probability of falling up to 9145 odd levels

Trade closed: target reached:

As suggested below 9240-9260 NIfty is likely to test 9145 & that is what we have seen...

Comment:

What a week this has been. We were able to capture the bottom @ 9087 then were able to sell at the highs and today got the expiry closing price to the point.

Nifty closes @9142.75 & our calculation was 9145 odd levels.

Couldn't have asked more from Chart & data analysis...

Thank you very much for the awesome week...!!! :-)