FII sold 1.7 K contract of Index Future worth 65 cores, Net OI has decreased by 3.8 K contract, 2.8 K Long contract were covered by FII and 1 K shorts were covered by FII. Net FII Long Short ratio at 1.36, So FII used fall to exit longs and exit shorts.
As discussed in last analysisAstro date again helped in capturing good move in Nifty. Bulls need to move above 9410 for a move back to 9453/9502/9555.Bears need a close below 9320 for a move back to 9260/9190/9136.All Bullish target done and as Uranus Conjunction Pluto we are almost up 200 points from Monday High. This is how astro helps in catching big moves. Bulls need to move above 9610 for a move back to 9666/9721/9800.Bears need a close below 9490 for a move back to 9430/9370/9300.
Total Future & Option trading volume at 11.2 Lakh core with total contract traded at 1.5 lakh , PCR @0.91
Nifty May Future Open Interest Volume is at 0.62 Lakh core with addition of 15 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @8093 closed above it.
9600 CE is having Highest OI at 14 Lakh, resistance at 9600 followed by 9700.9500-9700 CE added 2 Lakh in OI so bears added position in range of 9600-9700. FII bought 5.3 K CE Long 1.8 K CE were shorted by them. Retailers bought 38 K CE and 6 K CE were shorted by them.
9400 PE OI@15 Lakhs having the highest OI strong support at 9400 followed by 9300. 9300-9600 PE added 15 Lakh in OI so bulls added position in range 9400 -9350.FII bought 9.3 K PE Long 6.4 K PE were shorted by them. Retailers bought 61 K PE and 53 K PE were shorted by them.
FII’s Bought 700 cores and DII’s Bought 78 cores in cash segment.INR closed at 75.91