FII bought 7.1 K contract of Index Future worth 499 cores, Net OI has decreased by 9 K contract, 967 Long contract were covered by FII and 8 K Shorts were covered by FII. Net FII Long Short ratio at 1.16, So FII used fall to exit longs and exit shorts.
As discussed in last analysisHigh made was 12225 so bulls unable to break 11240 and once bears were able to break 11170 and did 11090 almost near to our target of 11081. Now Bears need to break 11155 for a move back to 11100/11035/10980. Bulls need to break 11240 for a move back to 11290/11322/11370. Bears broke 11155 and did 1 target and closed below 11155, As per Astro cycle we should get big move in next 2 trading sessions. Bears till below 11155 and need to break 11056 Mercury Elogation low for a quick fall towards 10960/10890. Bulls will get active above 11240 for a move back to 11290/11322/11370.
Total Future & Option trading volume at 13.18 Lakh core with total contract traded at 1.62lakh , PCR @0.89
Nifty July Future Open Interest Volume is at 0.44 Cores with addition of 10.9 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @10325 closed above it.
11400 CE is having Highest OI at 34 Lakh, resistance at 11300 followed by 11400.11000-11300 CE added 33 Lakh in OI so bears added in range of 11200-11300.FII bought 3 K CE and 3 K CE were shorted by them. Retailers bought 237 K CE and 147K CE were shorted by them.
11100 PE OI@35 Lakhs having the highest OI strong support at 11100 followed by 11000. 10800-11000 PE added 44 Lakh in OI so bulls added position in range 10900-11000.FII bought 6 K PE and 3 K PE were shorted by them. Retailers sold 11 K PE and 20 K PE were shorted by them.
FII’s sold 453 cores and DII’s sold 977 cores in cash segment.INR closed at 74.86