FII bought 21.4 K contract of Index Future worth 2016 cores, Net OI has increased by 15.2 K contract,18.3 K Long contract were added by FII and 3.1 K Shorts were covered by FII. Net FII Long Short ratio at 3 So FII used rise to enter longs and exit shorts.
As Discussed in Last AnalysisAs per gann analysis Range of 12700-12770 will act as a resistance zone,so longs should use this range to book profits as and when it come. Bears will get active below 12430 for a move back to 12362/12307/12251. Nifty continued its strong momentum on upside, Today is important astro date and break of High and low of today can see move of 150-200 points. Bulls need to move above 12650 for a move back to 12700/12769/12826. Bears will get active below 12555 for a move back to 12475/12400/12354.
Total Future & Option trading volume at 21.7 Lakh core with total contract traded 2 lakh , PCR @0.79
Nifty Nov Future Open Interest Volume is at 1.17 Cores with addition of 2.7 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11786 closed above it.
12700 CE is having Highest OI at 20 Lakh, resistance at 12700 followed by 12800.12500-12700 CE added 22 Lakh in OI so bears added in range of 12300-12400.FII bought 18.1 K CE and 20.2 K CE were shorted by them. Retailers bought 70.7 K CE and 46.8 K CE were shorted by them.
12300 PE OI@22 Lakhs having the highest OI strong support at 12300 followed by 12200. 12300-12400 PE added 29 Lakh in OI so bulls addded position in range 12200-12300.FII bought 27.4 K PE and 24 K PE were shorted by them. Retailers bought 111 K PE and 87 K PE were shorted by them.
FII’s bought 5627 cores and DII’s sold 2309 cores in cash segment.INR closed at 74.31
