FII bought 4.1 K contract of Index Future worth 508 cores, Net OI has increased by 9.7 K contract 6.9 K Long contract were added by FII and 2.8 K Shorts were added by FII. Net FII Long Short ratio at 2 so FII used fall to enter longs and enter shorts.
As discussed in Last AnalysisNow 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. Low made was 14350 but levels we gave on twitter worked perfectly, and we also saw the impact of Sun Ingress. Astro gives important date which prepares us to be ready and levels gives us perfect entry exit points, Now Bears need to break 14444 for downmove to continue towards 14385/14323/14285. Bulls above 14555 can rally back to 14610/14666.
Total Future & Option trading volume at 26.9 Lakh core with total contract traded 1.46 lakh , PCR @0.91
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,
14600 CE is having Highest OI at 34.5 Lakh, resistance at 14600 followed by 14700.14500-14600 CE liqudiated 23 Lakh in OI so bears covered in range of 14400-14500.FII bought 19.4 K CE and 4.9 K shorted CE were covered by them. Retailers sold 152 K CE and 65 K shorted CE were covered by them.
14400 PE OI@30 Lakhs having the highest OI strong support at 14400 followed by 14300. 14400-14300 PE added 18 Lakh in OI so bulls addded position in range 14400-14500.FII sold 12.6 K PE and 9.1 K PE were shorted by them. Retailers bought 229 K PE and 129 K PE were shorted by them.
FII’s bought 257 cores and DII’s sold 199 cores in cash segment.INR closed at 73.18