FII sold 2.4 K contract of Index Future worth 287 cores, Net OI has decreased by 5.8 K contract 4.1 K Long contract were covered by FII and 1.7 K Shorts were covered by FII. Net FII Long Short ratio at 1.09 so FII used fall to exit longs and exit shorts.
Nifty has been in a rangebound move from 14150-15000 and we are back to gann angle support zone today being Mercury Ingress suggesting another big move will be seen in next 2 trading sessions. Bulls need to move above 14530 for q quick move towards 14590/14666/14729. Bears will get active below 14444 for a quick move towards 14397/14353/14285/14222.
Total Future & Option trading volume at 37.2 Lakh core with total contract traded 1.52 lakh , PCR @0.89
Nifty April Future Open Interest Volume is at 1.09 Cores with addition of 4.7 Lakh with decrease in cost of carry suggesting SHORT position were added , NF Rollover cost @14703 closed below it.
14500 CE is having Highest OI at 10.9 Lakh, resistance at 14500 followed by 14600. 14500-14700 CE added 12.3 Lakh in OI so bears added in range of 14400-14500. FII bought 20.8 K CE and 10.3 K CE were shorted by them. Retailers bought 220 K CE and 176 K CE were shorted by them.
14400 PE OI@20.7 Lakhs having the highest OI strong support at 14400 followed by 14300. 14100-14400 PE added 10.3 Lakh in OI so bulls addded position in range 14100-14200.FII bought 5.3 K PE and 1.9 K shorted PE were covered by them. Retailers bought 32.5 K PE and 53 K PE were shorted by them.
FII’s sold 1772 cores and DII’s bought 987 cores in cash segment.INR closed at 74.25