FII bought 3.7 K contract of Index Future worth 290 cores, Net OI has decreased by 6.8 K contract, 1.5 K Long contract were covered by FII and 5.2 K Shorts were covered by FII. Net FII Long Short ratio at 3.2 So FII used rise to exit longs and enter shorts.
As Discussed in Last AnalysisNifty Gunner chart is shown below suggesting price is at a crucial zone and another blow out move should be seen.Bulls need to break 13505 for a move back to 13555/13610/13666. Bears below 13450 can push index back to 13390/13333/13276. We have Total Solar Eclipse on 14 Dec and we have formed DOJI suggesting good move will be seen based on Astrod date. Bulls need to break 13580 for a move back to 13634/13693. Bears below 13460 can push index back to 13402/13347/13290.
Total Future & Option trading volume at 18.01 Lakh core with total contract traded 1.44 lakh , PCR @0.95
Nifty Dec Future Open Interest Volume is at 1.19 Cores with addition of 2.6 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @12984 closed above it.
13600 CE is having Highest OI at 12.5 Lakh, resistance at 13600 followed by 13700.13500-13700 CE added 10.2 Lakh in OI so bears added in range of 13500-13700.FII bought 26.1 K CE and 36.9 K CE were shorted by them. Retailers bought 259 K CE and 227 K CE were shorted by them.
13200 PE OI@19.5 Lakhs having the highest OI strong support at 13300 followed by 13200. 13000-13400 PE added 12 Lakh in OI so bulls addded position in range 13200-13400.FII bought 29 K PE and 24 K PE were shorted by them. Retailers bought 203 K PE and 218 K PE were shorted by them.
FII’s bought 4195 cores and DII’s sold 2359 cores in cash segment.INR closed at 73.87