FII bought 11.7 K contract of Index Future worth 806 cores, Net OI has decreased by 5.1 K contract, 3.3 K Long contract were added by FII and 8.8 K shorts were liquidated by FII. Net FII Long Short ratio at 1.3, So FII used fall to enter longs and exit shorts.
As discussed in last analysis Nifty should show big move on Monday based on astro combination, Bulls need to move above 9290 for a move back to 9346/9410/9500 Bears will get active below 9200 for a move back to 9147/9055.Nifty gave big move as per expectation showing effect of Mercury at Perihelion,opened with gap up and did 2 target on upside.Bears will get active below 9197 for a move back to 9147/9102/9055. Bulls will get active above 9270 for a move towards 9329/9380/9444.
Total Future & Option trading volume at 8.29 Lakh core with total contract traded at 2.1 lakh , PCR @1.01
Nifty May Future Open Interest Volume is at 0.74 Lakh core with liquidation of 5.9 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @9508 closed below it.
9500 CE is having Highest OI at 19.4 Lakh, resistance at 9400 followed by 9500.9300-9700 CE added 16.9 Lakh in OI so bears added position in range of 9500-9700.FII bought 3.9 K CE and 7.8 K CE were shorted by them. Retailers bought 106 K CE and 77 K CE were shorted by them.
9000 PE OI@15.2 Lakhs having the highest OI strong support at 9100 followed by 9000. 9000-9500 PE added 12.5 Lakh in OI so bulls added position in range 9100 -9200.FII bought 9.5 K PE and 6 K PE were shorted by them. Retailers bought 53 K PE and 50 K PE were shorted by them.
FII’s bought 534 cores and DII’s sold 821 cores in cash segment.INR closed at 75.