FII bought 9.5 K contract of Index Future worth 886 cores, Net OI has increased by 5.1 K contract 7.3 K Long contract were added by FII and 2.2 K Shorts were covered by FII. Net FII Long Short ratio at 0.85 so FII used rise to enter longs and exit shorts.
As Discussed in Last Analysis As we have Jupiter Ingress today and today being holiday so effect will be seen tommrow Range of 14519-14530 important support zone unable to hold this we can see fall extending towards 14444/14300 levels. Bulls will get active above 14601 for a move back to 14666/14729. We saw the impact of Mercury Astro Cycle and Gann 13 Year cycle impact with Nifty today with rally of around 300 points and bullish target done as shared on twitter. Now Bulls need to move above 14943 for a move back to 15000/15074/15125. Bears will get active below 14890 for a move back to 14831/14777/14729.
Total Future & Option trading volume at 33 Lakh core with total contract traded 1.17 lakh Highest volume in May Expiry, PCR @0.83
Nifty April Future Open Interest Volume is at 1.13 Cores with addition of 1 Lakh with decrease in cost of carry suggesting LONG position were added today, NF Rollover cost @14703 closed above it.
15000 CE is having Highest OI at 34.6 Lakh, resistance at 15000 followed by 15100. 14800-15000 CE added 22 Lakh in OI so bears covered in range of 14900-15100. FII sold 12.4 K CE and 18.7 K shorted CE were covered by them. Retailers sold 117 K CE and 14.1 K shorted CE were covered by them.
14500 PE OI@28.2 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 14500-14700.FII bought 16.4 K PE and 67 K PE were shorted by them. Retailers bought 466 K PE and 322 K PE were shorted by them.
FII’s sold 2255 cores and DII’s bought 1948 cores in cash segment.INR closed at 73.55