FII sold 24.1 K contract of Index Future worth 2269 cores, Net OI has increased by 8.6 K contract, 7.7 K Long contract were covered by FII and 16.4 K short were added by FII. Net FII Long Short ratio at 0.66, So FII used fall to exit longs and enter shorts.
As discussed in last analysis We are seeing Mercury Speed Change on 26 So we can see good move on Monday. Bears below 12210 can see fall back to 12161/12120. Bulls above 12275 can rally back to 12345/12420. Astro Dates helps in identifying big move dates and when combined with price it become a High Probability Trade Set up as we saw yesterday. Mercury Speed Change was Astro Date and when combined with price 12210 we has a good set up. High made was 12216 and once below 1210 we did both target on downside 12161/12120. Bears need to break 12105 for the downmove to continue towards 12050/11995/11941. Bulls have change above 12162 for a move back to 12216/12280/12343.
Total Future & Option trading volume at 11.68 Lakh core with total contract traded at 1.29 lakh , PCR @0.91
Nifty Jan Future Open Interest Volume is at 1.23 Lakh core with liquidation of 0.24 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @12302 closed below it.
12200 CE is having Highest OI at 32 Lakh, resistance at 12200 followed by 12300 .12000-12400 CE liquidated 6.4 Lakh in OI so bears covered position in range of 12200-12300.FII bought 10 K CE and 7.8 K CE were shorted by them. Retailers bought 273 K CE and 1741 K CE were shorted by them.
12000 PE OI@45 Lakhs having the highest OI strong support at 12100 followed by 12000 . 12000-12400 PE added 13 Lakh in OI so bulls added position in range 12000-12100.FII bought 9.6 K PE and 7 K PE were shorted by them. Retailers sold 60 K PE and 28 K shorted PE were covered by them.
FII’s sold 438 cores and DII’s bought 10 cores in cash segment.INR closed at 71.35