F&O data analysis & Nifty strategy for 16th April weekly expiry

NSE:NIFTY   Nifty 50 Index
In our previous post we had highlighted the importance of 8986-9027 level. That level is still being respected. Nifty has closed in the said range at 8993.

Let’s see what data has to say for the expiry week 16th April 2020.

FIIs sold 8.46K contracts worth 474.69 Cr .

FIIs booked profits and squared off 7489 Long Contracts and they added just 979 Short contracts.

Retail Clients added 5507 Long contracts and exited 11312 contracts from Short position.

Pro traders squared off 2226 Long contracts and added 4181 Short contracts.


Option Data Analysis

On the Call option front FIIs bought 7318 Long Contracts and added 6010 Call Short Position.

Retail traders were again active in Call Options adding 1.06 Lakhs Long contracts and adding 89.3K Short contracts.

Pro traders bought 21.6K Call Long and also created fresh 40 .50K Short Contracts.


On the Put Option front, FIIs bought 8565 Put Long contracts and also added 5466 Put Short contracts.

Retail traders added 93.7K Put Long and created 85.2K Put Short contracts.

Pro traders have bought 23.9K Put Contracts and added 35.5K Put Short Contracts.

Prima facie, it looks like Retail traders are expecting a big move, although, are not sure in which direction. FIIs are still playing it light and Pro traders are playing for a range bound movement.

The broader range is 8500-9500. However, considering Tuesday is a holiday and looking at the activity there is a strong probability of expiry between 8788 on the lower side & 9185-9233 levels on the upper side.

So that's our view.

Aggressive traders may consider the following strategy

Sell Nifty 8800 Put option 16 April expiry
Price range: 100-120

& simultaneously

Sell Nifty 9200 Put option 16 April
Price range : 90-100

The strategy will have maximum profit potential of Rs 14250 – Rs 16500/-

In built loss protection for a fall up to 8610-8580 or for a rise up to 9390-9420 in Nifty levels on 16th April 2020.

Tomorrow being a holiday Will update further in this thread on Wednesday morning.

Keep watching... Do hit the Like button and comment below

Take care & safe trading…!!!

Comment: Nifty opens at 9196 and has come down to 9114 levels. The zone of 9185-9233 has worked it's magic in early trade.
Comment: One may consider tweaking the strategy
Sell Nifty 16 April expiry

9000 Put around 75- 80
9300 Call around 85-90
Comment: Early morning we suggested a modified option strategy

updating the same
9000 put suggested selling at 75 (cmp 55)
9300 call suggested selling at 90 (cmp 56)

Net profit so far in strategy 75*54= Rs 4050/-

Enjoy...!!! :-)
Trade closed manually: Strategy update

Nifty 9000 Put option
cmp 138

9300 call option 9

Net 75*(165-147)=RS 1350

Book profit in strategy
Last tick price 9016.60. (although closing price will be different as it will take the average of last half an hour of trade)

All is well that ends well.

A perfect day where we were able to catch the bottom support level and resistance levels worked to perfection with icing on the cake - getting the Nifty expiry closing price range...

Hope u guys enjoyed.

Do hit the Like button and comment below...

That's what will keep us going to do the hard work and keep posting more ideas...!!!