FII bought 4.7 K contract of Index Future worth 134 cores, Net OI has increased by 18.9 K contract, 11.8 K Long contract were added by FII and 7 K short were added by FII. Net FII Long Short ratio at 1, So FII used fall to enter longs and enter shorts.
As discussed in last analysis High made was 12385 and low made was 12321 so we traded within the range suggesting big move round the corner.Bulls need to break 12389 for a move back to 12444/12500. Bears will get active below 12310 for 12277/12222. Nifty Opened with gap up at 12430 perfect level for gann price time squaring and once below 12310 Mercury Ingress low did all our target on downside.Astro Helps in giving the direction and combined with price give a lethal combo for trading. Now Bears need to break 12205 for further downside towards 12152/12097/12042. Bulls will get active only above 12265 for a move back to 12318/12365.
Total Future & Option trading volume at 12.32 Lakh core with total contract traded at 1.26 lakh , PCR @0.89
Nifty Jan Future Open Interest Volume is at 1.31 Lakh core with liquidation of 4.2 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @12302 closed above it.
12300 CE is having Highest OI at 19.5 Lakh, resistance at 12300 followed by 12400 .12000-12400 CE added 34 Lakh in OI so bears added position in range of 12300-12400.FII bought 9.9 K CE and 31.5 K CE were shorted by them. Retailers bought 311 K CE and 179 K CE were shorted by them
12000 PE OI@14 Lakhs having the highest OI strong support at 12100 followed by 12000 . 12000-12400 PE added 2 Lakh in OI so bulls added position in range 12000-12100.FII bought 31 K PE and 4.4 K PE were shorted by them. Retailers sold 43 K PE and 1.4 K PE were shorted by them.
FII’s bought 5 cores and DII’s sold 1419cores in cash segment.INR closed at 71.20