FII bought 12 K contract of Index Future worth 654 cores, Net OI has increased by 48 K contract, 30.3 K Long contract were added by FII and 18 K shorts were added by FII. Net FII Long Short ratio at 0.41, So FII used fall to enter longs and enter shorts.
As discussed in last analysisFor tommrow Bulls need to hold 9755-9800 range in case we open gap down for a move back to 9999/10100/10225. Bears will get active below 9700 for a move back to 9500/9401/9300. We opened below 9700 and did all target on downside, Trade with trend till it bends.9261 and 9025 are 2 important number which needs to be watched for next 300-500 points move in nifty. Today is an important astro date. Nifty bulls need to mvoe above 9261 for a move back to 9400/9501/9600. Bears will get active below 9150 for a move back to 9040/8900.
Total Future & Option trading volume at 6.45 Lakh core with total contract traded at 3.9 lakh , PCR @0.60
Nifty March Future Open Interest Volume is at 1.52 Lakh core with liquidation of 2 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @11769 closed below it.
9300 CE is having Highest OI at 22 Lakh, resistance at 9300 followed by 9500 .9000-9500 CE added 20 Lakh in OI so bears added position in range of 9300-9600.FII bought 8.4 K CE and 25 K CE were shorted by them. Retailers bought 148 K CE and 91 K CE were shorted by them.
9000 PE OI@21 Lakhs having the highest OI strong support at 9000 followed by 8800. 8800-9200 PE added 10 Lakh in OI so bulls added position in range 8800 -9000 .FII sold 1.1 K PE and 1 K PE were shorted by them. Retailers sold 35 K PE and 18.5 K PE were shorted by them.28
FII’s sold 3809 cores and DII’s bought 2614 cores in cash segment.INR closed at 74.44