Weekly Expiry: F&O Data analysis & important levels for 9 April
Updated
In our previous post we had given support levels of 8744 and 8688. Do notice, Nifty opened at 8688 close to 8680 level and managed to close the day at 8748 just a tad above 8744 support levels. In between we saw a roller coaster kind of a ride… From 140 points down in early trade to a rally of 478 points from the lows and then again a 430 point drop from the highs…
In Futures Segment
FIIs sold 7.7K contracts worth 413 Cr.
FIIs booked profits and squared off 5041 Long Contracts. They also added 2668 Short contracts
Retail Clients squared off 1255 Long contracts and also exited 4027 contracts from Short position.
Pro traders added 6578 Long contracts and exited 898 contracts from Short position.
Option Data Analysis
On the Call option front FIIs exited a marginal 734 Contracts from their Long position and added 7336 Call Short Position
Retail traders were active in Call Options adding 1.07 Lakhs Long contracts and adding 63.8K Short contracts
Pro traders bought 11375 Call Long and also created fresh 46400 Short Contracts
On the Put Option front, FIIs added 8720 Put Long contracts and also added 7490 Put Short contracts
Retail traders added 12541 Put Long and created 13007 Put Short contracts.
All in all, Retail participants have gone aggressive on Call Long side, FIIs are playing it light and Pro traders again are playing a balanced game by going Long in Futures and Selling Call Options.
Support 8744 / 8680 / 8653 / 8618
Resistance 8820 / 8905 / 8986 / 9027
Tomorrow being a weekly expiry and also being a truncated weekly closing, it will be an interesting day. Maximum Call Option activity happened at 8900 and 9000 Strike Price. Given the activity, Nifty Level of 8986 – 9027 will hold the key for the day and looks likely to be the upper cap for expiry.
Take care & safe trading…!!!
In Futures Segment
FIIs sold 7.7K contracts worth 413 Cr.
FIIs booked profits and squared off 5041 Long Contracts. They also added 2668 Short contracts
Retail Clients squared off 1255 Long contracts and also exited 4027 contracts from Short position.
Pro traders added 6578 Long contracts and exited 898 contracts from Short position.
Option Data Analysis
On the Call option front FIIs exited a marginal 734 Contracts from their Long position and added 7336 Call Short Position
Retail traders were active in Call Options adding 1.07 Lakhs Long contracts and adding 63.8K Short contracts
Pro traders bought 11375 Call Long and also created fresh 46400 Short Contracts
On the Put Option front, FIIs added 8720 Put Long contracts and also added 7490 Put Short contracts
Retail traders added 12541 Put Long and created 13007 Put Short contracts.
All in all, Retail participants have gone aggressive on Call Long side, FIIs are playing it light and Pro traders again are playing a balanced game by going Long in Futures and Selling Call Options.
Support 8744 / 8680 / 8653 / 8618
Resistance 8820 / 8905 / 8986 / 9027
Tomorrow being a weekly expiry and also being a truncated weekly closing, it will be an interesting day. Maximum Call Option activity happened at 8900 and 9000 Strike Price. Given the activity, Nifty Level of 8986 – 9027 will hold the key for the day and looks likely to be the upper cap for expiry.
Take care & safe trading…!!!
Note
In volatile and uncertain conditions like we are in now, A bold call to suggest the key levels for Nifty on weekly expiry day will be 250 points higher and that's where it has spent the 1st hour & a half of trade...
Hope u guys like and appreciate the analysis...!!!
Here's a bonus trading strategy
Consider selling Nifty 09 April Expiry
8800 Call Option between 35 - 40
Max profit potential Rs 2625 - Rs 3000 /- per lot
The strategy has in built loss protection for a fall in Nifty price up to 8765- 8760
Enjoy...!!!
Note
Sorry its 8800 Put Option & not Call optionTrade active
NIFTY 8800 Put Option made a high of 42 after recommendation and is currently trading at 12.Keep a trail stop loss at 25 so that u ensure profitability in trade and let it go down to 0 by EOD to earn maximum profit as suggested above.
Enjoy & happy trading ...!!! :-)
Trade active
Nifty 8800 Put Option updateCMP 2.5
That's close to max profit potential
If u want more and are willing to take some risk then book profits in 8800 Put Option and
Consider Selling Nifty 9000 Put option around 30
Again idea being if Nifty closes above 9000 then 9000 Put option will become 0
The strategy will yield additional Rs 2250 per lot and more importantly will provide loss protection for a fall un Nifty up to 8970 levels
Take care and happy trading...!!!!
Trade active
Nifty 9000 Put option give an opportunity to sell. Now trading at 35 levels. Trade is active.Note
One hour o trading remaining and Nifty is again at the key level mentioned...
In morning it acted as resistance... now will it ac as Support...
Note
Nifty 9000 Put option updateSold at 35 Now at 17
Consider partial profit booking and
Keep a trail SL at 30 for balance to ensure profitability in trade...
Note
Nifty 9000 Put option updateCMP 1.95
Going to 0
No need to do anything. Let it expire and save on your brokerage and maximize ur profit...
Enjoy & have a gr8 weekend...
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.