FII bought 9 K contract of Index Future worth 749 cores, Net OI has increased by 2.1 K contract 5.6 K Long contract were added by FII and 3.4 K Shorts were covered by FII. Net FII Long Short ratio at 1.79 so FII used fall to enter longs and exit shorts.
As discussed in Last AnalysisNow Bulls need to break 15025 for move back to 15082/15144/15205. Bears will get active below 14960 for a move back to 14898/14837/14777. We are also near Important support zone which can potentially Gann Price time squaring so big move will be seen in next week. We saw the impact of gann price time squaring as soon as 14960 broken all target done on downside also saw the big move, Levels shared on Twitter did achived 14630 on downside and now range of 14513-14546 should be seen for any bounceback in Nifty as and when the levels come. Now Nifty Bulls need to move above 14729 for a move back to 14773/14822/14888, Bears will get active below 14630 for a move back to 14585/14537/14444.
Total Future & Option trading volume at 33.8 Lakh core with total contract traded 1.70 lakh , PCR @0.97
Nifty March Future Open Interest Volume is at .30 Cores with addition of 11.5 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @14217 closed above it.
14900 CE is having Highest OI at 25.7 Lakh, resistance at 14900 followed by 15000.15000-15300 CE added 44 Lakh in OI so bears added in range of 14900-15100.FII bought 31.1 K CE and 18.6 K CE were shorted by them. Retailers bought 253 K CE and 205 K CE were shorted by them.
14500 PE OI@25 Lakhs having the highest OI strong support at 14600 followed by 14500. 14500-14800 PE added 28 Lakh in OI so bulls addded position in range 14500-14600.FII bought 36 K PE and 10 K PE were shorted by them. Retailers bought 32 K PE and 39 K PE were shorted by them.
FII’s sold 893 cores and DII’s sold 919 cores in cash segment.INR closed at 72.47