FII sold 3.2 K contract of Index Future worth 324 cores, Net OI has decreased by 2.6 K contract,2.9 K Long contract were covered by FII and 256 Shorts were added by FII. Net FII Long Short ratio at 3 So FII used rise to exit longs and enter shorts.
As Discussed in Last AnalysisAs discussed in below video today high and low are very important for move till 09 Dec, Bulls need to move above 13370 for a move back to 13415/13473/13531. Bears below 13299 for a move back to 13242/13184/13127. Bears were unable to break 13299 and Buls did the 1 target on Upside, Now today Sun and Moon are making aspect in Helio also we have formed an DOJI today suggesting big move will be seen in next 2 trading sessions. Bulls need to move above 13441 for a move back to 13499/13558/13616. Bears below 13370 for a move back to 13320/13261/13204.
Total Future & Option trading volume at 22.2 Lakh core with total contract traded 1.23 lakh , PCR @0.90
Nifty Dec Future Open Interest Volume is at 1.22 Cores with addition of 0.41 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12984 closed above it.
13400 CE is having Highest OI at 23.5 Lakh, resistance at 13400 followed by 13500.12900-13300 CE added 10.2 Lakh in OI so bears added in range of 13400-13500.FII sold 15 K CE and 6.6 K shorted CE were covered by them. Retailers bought 104 K CE and 72 K CE were shorted by them.
13100 PE OI@29.5 Lakhs having the highest OI strong support at 13100 followed by 13000. 12800-13000 PE added 22 Lakh in OI so bulls addded position in range 13000-13100.FII sold 7.6 K PE and 7.8 K shorted PE were covered by them. Retailers bought 80 K PE and 80 K PE were shorted by them.
FII’s bought 2909 cores and DII’s sold 2640 cores in cash segment.INR closed at 73.77