FII sold 4.8 K contract of Index Future worth 482 cores, Net OI has increased by 811 contract,2 K Long contract were covered by FII and 2.8 K Shorts were added by FII. Net FII Long Short ratio at 4 So FII used rise to exit longs and enter shorts.
As Discussed in Last AnalysisBulls got whipsawed above 13018, As Neptune goes Retrograde on 28 Nov and we also have Mercury Ingress of 01 Dec suggesting we are ready for another big move in Nifty. Bulls need to move above 13018 for a move back to 13074/13131/13188. Bears below 12903 can fall back to 12846/12790/12730. Bulls were able to do 2 target on upside, Now Bulls need to move above 13170 for upmove to continue towards 13232/13290. Bears below 13043 can see quick fall towards 12970/12901/12839. Marecury Ingreess today so break of High and low of today can see move of 150-200 points in next 2 trading sessions.
Total Future & Option trading volume at 17.4 Lakh core with total contract traded 1.17 lakh , PCR @0.95
Nifty Dec Future Open Interest Volume is at 1.17 Cores with liqudiation of 0.91 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @12984 closed above it.
13200 CE is having Highest OI at 14 Lakh, resistance at 13200 followed by 13100.12900-13000 CE added 25 Lakh in OI so bears added in range of 13000-13100.FII bought 16.4 K CE and 7.9 K CE were shorted by them. Retailers bought 96 K CE and 108 K CE were shorted by them.
12800 PE OI@22 Lakhs having the highest OI strong support at 12800 followed by 12700. 12700-12800 PE added 29 Lakh in OI so bulls addded position in range 12700-12800.FII bought 9.7 K PE and 15 K PE were shorted by them. Retailers bought 268 K PE and 230 K PE were shorted by them.
FII’s bought 3242 cores and DII’s sold 1043 cores in cash segment.INR closed at 73.80