NIFTY Analysis for 25 July 2019 – Monthly Expiry Day

Here is our take for tomorrow’s trading session in the form Nifty Analysis. Watch out for some action packed expiry day.

  • This is the first occurrence of our analysis for monthly expiry. And what better than a volatile market.
  • Nifty again closed in red segment even after HDFCBANK and HDFC both gaining due to short covering as we predicted.
  • Before any cues, one thing pretty clear that tomorrow’s expiry will be eventful.
  • 11500 and 11600 put writing has just be closed by 50% today. Which means, if these positions belong to HNIs (or smart money as we call them), then there could be an action.
  • There is also increase in open interest on 11100 and 11200 call.
  • So tomorrow range could be well between 11100 and 11600.
  • FII sold worth -1393.71 Crore in cash where DII bought worth 2140.26 Crore but still, market feel and sentiments are negative.
  • FII sold worth -1262.69 in Index option and -1775.75 in index option.
  • So tomorrow, there is high chances of +200 or -200 and this won’t be a silent expiry.
  • We expect 11100 level on NIFTY to be coming with first hour of trading and then we would expect a good rally courtesy smart money leading to a closure in green.

Ankit Maheshwari

Ankit is an avid writer with experience of working Investment Banking domain for over 7 years. He has been tracking Indian markets for over 10 years now for educational and learning purpose.

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