FII bought 2.7 K contract of Index Future worth 361 cores, Net OI has increased by 1.4 K contract 2 K Long contract were added by FII and 634 Shorts were covered by FII. Net FII Long Short ratio at 1.38 so FII used fall to enter longs and exit shorts.
I was not able to update for few days,Words can not express our thoughts. We are so very fortunate to know and have the relationships of each and every one of you. As discussed in below video we are near the nifty price time squaring if we hold 14400,today we have important astro date so we can see relief rally in next 2 trading sessions. Also fall is not accompanied by VIX not rising suggesting fall is more of long liquidation. Bulls need to move above 14610 for a move back to 14666/14729/14777/14843. Bears will get active below 14525 for a move back to 14467/14400/14343/14300.
Total Future & Option trading volume at 92 Lakh core with total contract traded 1.84 lakh , PCR @0.89
Nifty March Future Open Interest Volume is at 0.94 Cores with liqudiation of 3.54 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @14938 closed below it.
14700 CE is having Highest OI at 6.9 Lakh, resistance at 14700 followed by 14800.14700-14900 CE added 14 Lakh in OI so bears added in range of 15300-15500.
14500 PE OI@15.3 Lakhs having the highest OI strong support at 14500 followed by 14400. 14500-14700 PE added 14 Lakh in OI so bulls addded position in range 14500-147200.
FII’s bought 1258 cores and DII’s sold 1116 cores in cash segment.INR closed at 73.30