FII sold 34.8 K contract of Index Future worth 3806 cores, Net OI has increased by 13.3 K contract 9.5 K Long contract were covered by FII and 25.2 K Shorts were added by FII. Net FII Long Short ratio at 1.5 so FII used fall to exit longs and enter shorts.
As discussed in Last AnalysisTill Bulls are holding 15035 price can rally towards 15160/15225/15280. Bears below 15001 can see quick fall towards 14938/14870/14821. Tommrow we have very Important Astro Date.We have discussed Importance of Astro Date in below video,NIFTY crashed 500 points, highested in last 11 Months, Also like last month we saw ETF selling by FII in last 30 mins of trading, One of the standard techniques followed by institutions is They will create shorts in FnO segment and then they will start selling in the equity market. That leads to bigger gains for them generally. Today, the equity sell volume by FII demonstrates that.Now bears need to break 14513 for a move towards 14454/14400/14358. Bulls have there chance above 14585 for a quick move towards 14638/14693/147543. 01 March is important gann trend change date.
Total Future & Option trading volume at 30.4 Lakh core with total contract traded 3.50 lakh , PCR @1.11
Nifty March Future Open Interest Volume is at 1.08 Cores with addition of 10.8 Lakh with increase in cost of carry suggesting SHORT position were added today, NF Rollover cost @14938 closed below it.
14800 CE is having Highest OI at 28.7 Lakh, resistance at 14700 followed by 14800.14700-14900 CE added 14 Lakh in OI so bears added in range of 14700-14900.FII bought 56.9 K CE and 59.5 K CE were shorted by them. Retailers bought 458 K CE and 374 K CE were shorted by them.
14500 PE OI@24 Lakhs having the highest OI strong support at 14500 followed by 14400. 14400-14500 PE added 28 Lakh in OI so bulls addded position in range 14400-14500.FII bought 61.6 K PE and 29.1 PE were shorted by them. Retailers bought 70 K PE and 121 K PE were shorted by them.
FII’s sold 8295 cores and DII’s bought 1499 cores in cash segment.INR closed at 74.27