FII bought 1.9 K caontract of Index Future worth 140 cores, Net OI has increased by 2.3 K contract, 2.1 K Long contract were added by FII and 218 Shorts were by added FII. Net FII Long Short ratio at 1.98 So FII used fall to enter longs and enter shorts.
Nifty has retraced half of Thursday fall and is now approaching the gann angle resistance also approaching Gann Price Time Sqauring,We have important astro cycle tommrow so another big move is coming. Nifty Bulls need to move above 11910 for a move back to 11980/12025/12084. Bears will get active below 11822 for a move back to 11751/11696.
Total Future & Option trading volume at 16.3 Lakh core with total contract traded 1.18 lakh , PCR @0.82
Nifty Oct Future Open Interest Volume is at 1.04 Cores with liquidation of 4.6 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11170 above it.
11900 CE is having Highest OI at 12 Lakh, resistance at 11900 followed by 12000.11800-12000 CE added 8 Lakh in OI so bears added in range of 11900-12000.FII bought 14.2 K CE and 15.8 K CE were shorted by them. Retailers bought 57.3 K CE and 52 K CE were shorted by them.
11600 PE OI@18 Lakhs having the highest OI strong support at 11600 followed by 11500. 11500-11900 PE added 22 Lakh in OI so bulls addded position in range 11500-11600.FII bought 10.7 K PE and 9.4 K PE were shorted by them. Retailers bought 196 K PE and 162 K PE were shorted by them.
FII’s bought 1656 cores and DII’s sold 1621 cores in cash segment.INR closed at 73.37