FII sold 3.1 K contract of Index Future worth 264 cores, Net OI has increased by 633 contract, 1.2 K Long contract were covered by FII and 1.8 K Shorts were added by FII. Net FII Long Short ratio at 2 So FII used fall to exit longs and enter shorts.
As Discussed in Last AnalysisWe saw Mild effect of Jupiter Ingress as Nifty did 1 target on downside below 13673 and Bulls were unable to break 13778,plan remians the same Bulls need to break 13778 for a move back to 13824/13880. Bears below 13720 can push index back to 13673/13629/13585. High made was 13777.5 so bulls unable to break 13778 and we saw the effect of Astro dates as shown in below video nifty crashed towards 13131. Now Bulls need to move above 13416 for a move back to 13485/13529/13610. Bears below 13300 can see fall extending towards 13253/13195/13138 . Fall today was more of technical in nature it was not backed by cash selling and derivatives.
Total Future & Option trading volume at 33.3 Lakh core with total contract traded 2.68 lakh , PCR @0.97
Nifty Dec Future Open Interest Volume is at 1.12 Cores with liqudiation of 16.4 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @12984 closed above it.
13500 CE is having Highest OI at 12.5 Lakh, resistance at 13500 followed by 13600.13500-13800 CE added 28.2 Lakh in OI so bears added in range of 13500-13700.FII bought 39.3 K CE and 52.8 K CE were shorted by them. Retailers bought 379 K CE and 237 K CE were shorted by them.
13200 PE OI@18.5 Lakhs having the highest OI strong support at 13200 followed by 13100. 13300-13500 PE added 12 Lakh in OI so bulls addded position in range 13400-13500.FII bought 37.3 K PE and 12.7 K PE were shorted by them. Retailers sold 155 K PE and 90 K shorted PE were covered by them.
FII’s sold 323 cores and DII’s bought 468 cores in cash segment.INR closed at 73.82