FII sold 11 K contract of Index Future worth 1063 cores, Net OI has increased by 2.6 K contract 4.1 K Long contract were covered by FII and 6.8 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 should see a big move in nifty in next 2 trading sessions. Bulls now need to move above 14615 for a move back to 14676/14729. Bears below 14525 towards 14444/14374. We saw the big move as per expecation, Bulls not able to sustain above 14615 as high made was 14617 in spike and bears below 14525 did 14374 on downside to levels worked. Now Bears need to break 14400 for a move back to 14323/14256/14199. Bulls above 14500 can do 14581/14666/14754.
Total Future & Option trading volume at 22.7 Lakh core with total contract traded 1.92 lakh , PCR @1.04
Nifty Jan Future Open Interest Volume is at 1.28 Cores with liqudiation of 4.2 Lakh with decrease in cost of carry suggesting short position were covered today, NF Rollover cost @13975,
14700 CE is having Highest OI at 22 Lakh, resistance at 14600 followed by 14700.14500-14600 CE added 18 Lakh in OI so bears added in range of 14500-14600.FII bought 29.7 K CE and 47.3 K shorted CE were covered by them. Retailers bought 354 K CE and 280 K CE were shorted by them.
14400 PE OI@16.7 Lakhs having the highest OI strong support at 14400 followed by 14300. 14400-14300 PE added 12 Lakh in OI so bulls addded position in range 14400-14500.FII bought 39.6 K PE and 16.6 K PE were shorted by them. Retailers bought 69 K PE and 120 K PE were shorted by them.
FII’s bought 971 cores and DII’s sold 942 cores in cash segment.INR closed at 73.19