indiamarketoutlook

Weekly Expiry: F&O Data analysis & important levels for 9 April

NSE:NIFTY   Nifty 50 Index
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…!!!

Comment:
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...!!!
Comment: Sorry its 8800 Put Option & not Call option
Trade 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 update
CMP 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.
Comment:
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...
Comment: Nifty 9000 Put option update
Sold at 35 Now at 17

Consider partial profit booking and
Keep a trail SL at 30 for balance to ensure profitability in trade...
Comment: Nifty 9000 Put option update
CMP 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...

Comments

@indiamarketoutlook

Wonderful analysis. You are a Pro..
+1 Reply
@avsrikanth, Thank you very much for your kind words...!!! :-)
Reply
UR LEVELS ARE ROCK SOLID &MOREOVER UR OPTION STRATEGIES.. GREAT..
Reply
indiamarketoutlook NitinDhanrajani
@NitinDhanrajani, Welcome... 🙏🙏
Reply
Very helpful commentry on the expiry , hoping to learn more
Reply
@shaktis, Good to know that the data analysis effort is helpful.... Yes there will be more analysis on these lines...
Reply
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