FII bought 12.3 K contract of Index Future worth 859 cores, Net OI has decreased by 3.9 K contract, 4.1 K Long contract were added by FII and 8.1 K shorts were covered by FII. Net FII Long Short ratio at 0.46, So FII used fall to enter longs and exit shorts.
As discussed in last analysis9261 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.High made was 9400 so bulls were able to do 1 target above 9261 and bears below 9150 did 8915 so excellent day for trading based on gann number. Bulls need to move above 9100 for a rally back to 9160/9261/9333/9400. Bears will get active below 8900 for a move towards 8850/8787/8700/8600.
Total Future & Option trading volume at 7.95 Lakh core with total contract traded at 3.96 lakh , PCR @0.58
Nifty March Future Open Interest Volume is at 1.58 Lakh core with liquidation of11 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @11769 closed below it.
9200 CE is having Highest OI at 22 Lakh, resistance at 9200 followed by 9400 .9000-9500 CE added 20 Lakh in OI so bears added position in range of 9200-9600.FII bought 2.4 K CE and 4.9 K CE were shorted by them. Retailers bought 62 K CE and 39 K CE were shorted by them.
8900 PE OI@21 Lakhs having the highest OI strong support at 8900 followed by 8800. 8800-9200 PE added 10 Lakh in OI so bulls added position in range 8800 -9000 .FII bought 9.6 K PE and 19.2 K PE were shorted by them. Retailers bought 31 K PE and 20 K PE were shorted by them.
FII’s sold 4004 cores and DII’s bought 3422 cores in cash segment.INR closed at 74.40