FII bought 11.8 K contract of Index Future worth 942 cores, Net OI has increased by 6.2 K contract,9 K Long contract were added by FII and 2.8 K Shorts were covered by FII. Net FII Long Short ratio at 3.6 So FII used rise to enter longs and exit shorts.
Nifty rallied for 9 day in a row first time in last 10 years Every Dip in Nifty is getting bought into, As per Quat Analysis if we see a correction of more than 196 points we can get a confrmation the current uptrend is over and we can see a decent correction in tune of 500-600 points.Also we will see effect of Astro cycle so big trending move will be seen in nifty in next 2 trading sessions. Bulls need to move above 14150 for a move back to 14225/14300, Bears below 14029 can see move back to 13970/13911/13852.
Total Future & Option trading volume at 24.5 Lakh core with total contract traded 1.34 lakh , PCR @0.96
Nifty Jan Future Open Interest Volume is at 1.26 Cores with addition of 0.51 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @13975closed above it Low made today 13970 and bounced.
14200 CE is having Highest OI at 24.5 Lakh, resistance at 14200 followed by 14300.13900-14100 CE added 10.2 Lakh in OI so bears added in range of 14100-14300.FII bought 27.1 K CE and 24.7 K CE were shorted by them. Retailers bought 177 K CE and 154 K CE were shorted by them.
14000 PE OI@26.5 Lakhs having the highest OI strong support at 14000 followed by 13900. 13800-14000 PE added 25 Lakh in OI so bulls addded position in range 13800-13900.FII bought 21.6 K PE and 12.6 K PE were shorted by them. Retailers bought 177 K PE and 170 K PE were shorted by them.
FII’s bought 1843 cores and DII’s sold 715 cores in cash segment.INR closed at 73.20