FII bought 18.5 K contract of Index Future worth 1226 cores, Net OI has decreased by 20.3 K contract,859 Long contract were covered by FII and 19.4 K Shorts were added by FII. Net FII Long Short ratio at 0.88 So FII used fall to exit longs and exit shorts.
As Discussed in Last Analysis, Bulls now need to move above 11696 for a move towards 11750/11805/11859. Bears below 11586 can see fall back to 11532/11478/11404. Nifty again was able to hold gann angle by whisker and again held to its 50 DMA for second time, More we test a support weaker it will become. We have formed an Inside Bar today and tommrow we have mercury Ingress suggesting big move round the corner. Bulls need to move above 11690 for a move back to 11744/11820/11910, Bears below 11640 for a move back to 11585/11525/11470/11404.
Total Future & Option trading volume at 15 Lakh core with total contract traded 1.65 lakh , PCR @0.83
Nifty Nov Future Open Interest Volume is at 0.99 Cores with liqudaition of 9.8 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @11786 closed below it.
11800 CE is having Highest OI at 15.1 Lakh, resistance at 11800 followed by 11900.11800-12000 CE added 16 Lakh in OI so bears added in range of 11800-11900.FII sold 2.2 K CE and 1.7 K CE were shorted by them. Retailers bought 9.3K CE and 33.1 K CE were shorted by them.
11500 PE OI@18.7 Lakhs having the highest OI strong support at 11500 followed by 11600. 11500-11600 PE added 19 Lakh in OI so bulls addded position in range 11500-11600.FII bought 3.9 K PE and 22 K PE were shorted by them. Retailers bought 208 K PE and 164 K PE were shorted by them.
FII’s bought 740 cores and DII’s sold 533 cores in cash segment.INR closed at 74.58