FII bought 12.3 K contract of Index Future worth 1507 cores, Net OI has decreased by 8.7 K contract 1.8 K Long contract were added by FII and 10.5 K Shorts were covered by FII. Net FII Long Short ratio at 1.74 so FII used fall to enter longs and exit shorts.
As Discussed in Last AnalysisAs 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. Nifty opened with gap down and did not trigger the downside levels as given, But levels given on twitter worked perfectly and we also got a reversal as discussed in below video with gann price time squaring and we have filled the budget day gap also. For uptrend to continue Bulls need to move above 14790 for a move back to 14833/14894/14955/15077. Bears will get active below 14684 for a move back to 14627/14569/14512/14666.
Total Future & Option trading volume at 31Lakh core with total contract traded 2.35 lakh , PCR @0.88
Nifty March Future Open Interest Volume is at 0.87 Cores with liqudiation of 6.7 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @14938 closed below it.
14800 CE is having Highest OI at 7.9 Lakh, resistance at 14800 followed by 14900.14700-14900 CE added 24 Lakh in OI so bears added in range of 15300-15500.FII bought 43.8 K CE and 32.5 K CE were shorted by them. Retailers bought 71.5 K CE and 130 K CE were shorted by them.
14500 PE OI@25.3 Lakhs having the highest OI strong support at 14500 followed by 14400. 14500-14700 PE added 24 Lakh in OI so bulls addded position in range 14500-14600.FII bought 44 K PE and 46.3 K PE were shorted by them. Retailers bought 232 K PE and 184 K PE were shorted by them.
FII’s bought 1418 cores and DII’s bought 559 cores in cash segment.INR closed at 72.59