FII sold 7 K contract of Index Future worth 752 cores, Net OI has decreased by 5.1 K contract,6.6 K Long contract were covered by FII and 379 short were added by FII. Net FII Long Short ratio at 0.23, So FII used fall to exit longs and enter shorts.
As discussed in last analysisNow Bulls need to move above 12170 for upmove towards 12222/12250. Bears will get active below 12088 for a move back to 12040/11990. Bears closed below 12088 so waiting for the target of 12040/11990. Bulls will get active above 12100 for a mvoe back to 12152/12222.
Total Future & Option trading volume at 33.14 Lakh core with total contract traded at 1.07 lakh , PCR @0.76
Nifty Feb Future Open Interest Volume is at 1.17 Lakh core with liquidation of 4.3 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12149 closed below it.
12200 CE is having Highest OI at 34 Lakh, resistance at 12200 followed by 12300 .12000-12400 CE added 40 Lakh in OI so bears added position in range of 12100-12300.
12000 PE OI@39 Lakhs having the highest OI strong support at 12000 followed by 11900. 11800-12300 PE added 11.3 Lakh in OI so bulls added position in range 12000-11900.
FII’s bought 1495 cores and DII’s sold 699 cores in cash segment.INR closed at 71.67