FII sold 3.1 K contract of Index Future worth 267 cores, Net OI has decreased by 5.7 K contract 4.4 K Long contract were covered by FII and 1.2 K Shorts were covered by FII. Net FII Long Short ratio at 2 so FII used fall to exit longs and exit shorts.
As discussed in Last AnalysisNow Bears need to break 14400 for a move back to 14323/14256/14199. Bulls above 14500 can do 14581/14666/14754. 14400 gone and bears did 2 target on downside,Now Bears need to break 14256 for downmove to continue towards 14196/14112/14040. Bulls above 14323 can rally back to 14400/14464.
Tommrow is another Important Astro Date. 14091/13892 are 2 important level for this downswing.
Total Future & Option trading volume at 27.5 Lakh core with total contract traded 1.76 lakh , PCR @0.90
Nifty Jan Future Open Interest Volume is at 1.21 Cores with liqudiation of 6.1 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @13975,
14700 CE is having Highest OI at 32 Lakh, resistance at 14600 followed by 14700.14500-14600 CE added 28 Lakh in OI so bears added in range of 14400-14500.FII bought 4.3 K CE and 634 shorted CE were covered by them. Retailers bought 229 K CE and 175 K CE were shorted by them.
14200 PE OI@26.7 Lakhs having the highest OI strong support at 14200 followed by 14100. 14400-14300 PE added 8 Lakh in OI so bulls addded position in range 14400-14500.FII bought 11.5 K PE and 6.7 K PE were shorted by them. Retailers bought 38.6 K PE and 51 K PE were shorted by them.
FII’s bought 650 cores and DII’s sold 42 cores in cash segment.INR closed at 73.33