FII’s sold 7936 contract of Index Futures worth 267 cores (963 longs were added and 8.8 K shorts were added in Index Future) with net OI increasing by 9.8 K contracts. So today’s FII’s continued adding shorts in Index future.
Nifty Future May Open Interest Volume is at 1.29 cores with addition of of 0.53 lakhs in Open Interest, suggesting neutral position got added.
Total Future & Option trading volume at 1.06 lakh core with total contract traded at 3.3 lakh , PCR (Put to Call Ratio) at 0.90
7000 Nifty CE is having highest OI at 38.1 lakhs , resistance for the market with 2.2 lakh addition, 6800 CE with OI at 29.8 Lakhs,saw addition of 2.1 lakhs suggesting bears are making positions on 6800 and it will be difficult to cross 6800. FII’s bought 2.5 K CE longs and 20.2 K CE were shorted by them.6300-7000 CE added 6.6 lakhs.
6500 PE is having highest OI at 31.1 lakh with addition of 1.6 lakhs remains a strong support for the series, 6800 PE saw a addition of 1.4 lakhs in OI show smart money buying 6800 PE.FII’s bought 49.1 K PE longs and 33.1 K PE were shorted by them.6300-7000 CE added 22 lakhs. Looking at Option data it seems FII’s are playing for range bound move from 6600-6800.
FIIs bought 454 cores in Equity and DII bought 6 cores in cash segment.INR closed above 60.32.