FII bought 19.8 K contract of Index Future worth 1589 cores, Net OI has decreased by 11.3 K contract, 4.2 K Long contract were added by FII and 15.5 K Shorts were covered by FII. Net FII Long Short ratio at 1.13, So FII used fall to enter longs and exit shorts.
As discussed in last analysisWe are near a very important level of 10545-10576.Bulls will get active above 10666 for a move back to 10730/10800/10850. Bears will get active below 10545 for a move back to 10500/10449/10370.Nifty opened with a gap up and did 2 target on upside but unable to hold gain and gave it all during the closing hours and formed a Double bottom.Bears will get active below 10545 for a move back to 10500/10449/10370. Bulls will get active above 10648 for a move back to 10701/10777/10827.
Total Future & Option trading volume at 21.50 Lakh core with total contract traded at 2.39 lakh , PCR @0.88
Nifty July Future Open Interest Volume is at 0.95 Cores with liquidation of 13.5 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @10325 closed above it.
10700 CE is having Highest OI at 31 Lakh, resistance at 10700 followed by 10800.10200-10700 CE added 36 Lakh in OI so bears added in range of 10600-10800.FII bought 14.5 K CE and 8.2 K CE were shorted by them. Retailers sold 615 CE and 3.6 K CE were shorted by them.
10500 PE OI@22 Lakhs having the highest OI strong support at 10500 followed by 10400. 10200-10600 PE added 14 Lakh in OI so bulls added position in range 10500-10600.FII bought 2.9 K PE and 13.2 K PE were shorted by them. Retailers bought 49.4 K PE and 17.3 K PE were shorted by them.
FII’s sold 221 cores and DII’s sold 899 cores in cash segment.INR closed at 75.24