FII sold 20.2 K contract of Index Future worth 1631 cores, Net OI has increased by 19.8 K contract, 201 Long contract were added by FII and 20 K shorts were added by FII. Net FII Long Short ratio at 0.14, So FII used fall to enter longs and enter shorts.
As discussed in last analysis Fall is going as per our astro analysis so hope readers are able to make money. Based on Gap down opening will be updating level on Twitter. You can follow us on Twitter to get real time levels.Levels were given on Twitter did all target on downside. Fall has been fast and furious and till we do not close above 11533 trend remain down. Below 11175 we can fall towards 11100/11050/11000. Bulls for small trade can go low above 11250 for a move towards 11323/11400. IV of Options are very high and any fall in VIX will see Option premium eroding very fast so buy cautiously in Options.
Total Future & Option trading volume at 10 Lakh core with total contract traded at 2.9 lakh , PCR @0.82
Nifty March Future Open Interest Volume is at 1.53 Lakh core with addition of 83.1 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11769 closed below it.
11300 CE is having Highest OI at 20 Lakh, resistance at 11300 followed by 11400 .11000-11500 CE added 20 Lakh in OI so bears added position in range of 11300-11400.FII bought 18 K CE and 18 K CE were shorted by them. Retailers bought 235 K CE and 165 K CE were shorted by them.
11100 PE OI@11.5 Lakhs having the highest OI strong support at 11100 followed by 11000. 11000-11500 PE added 10 Lakh in OI so bulls added position in range 11300-11500.FII bought 35.4 K PE and 18.8 K PE were shorted by them. Retailers bought 32.9 K PE and 56.6 K shorted PE were covered by them.
FII’s sold 1428 cores and DII’s bought 7621 cores in cash segment.INR closed at 72.43