FII bought 5.8 K contract of Index Future worth 479 cores, Net OI has increased by 20.3 K contract,4.2 K Long contract were added by FII and 1.5 K Shorts were covered by FII. Net FII Long Short ratio at 0.98 So FII used rise to enter longs and exit shorts.
As Discussed in Last AnalysisWe 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. We opened gap up Now Bulls need to hold range of 11780-11810 for upmove to continue towards 11910/11960/12025/12100. Bears will get active below 11777 for a move back to 11723/11666/11610. Discussed Impact of US Election on Nifty in below video.
Total Future & Option trading volume at 15 Lakh core with total contract traded 1.48 lakh , PCR @0.83
Nifty Nov Future Open Interest Volume is at 1 Cores with additon of 2.5 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11786 closed above it.
11800 CE is having Highest OI at 18 Lakh, resistance at 11800 followed by 11900.11800-12000 CE added 22 Lakh in OI so bears added in range of 11800-11900.FII bought 20 K CE and 2.5 K CE were shorted by them. Retailers bought 24.3 K CE and 16.9 K CE were shorted by them.
11500 PE OI@20.1 Lakhs having the highest OI strong support at 11500 followed by 11600. 11500-11600 PE added 29 Lakh in OI so bulls addded position in range 11500-11600.FII bought 29 K PE and 29 K PE were shorted by them. Retailers bought 154 K PE and 103 K PE were shorted by them.
FII’s bought 2274 cores and DII’s sold 1100 cores in cash segment.INR closed at 74.58