FII bought 29.2 K contract of Index Future worth 3076 cores, Net OI has increased by 9.8 K contract 19.5 K Long contract were added by FII and 9.6 K Shorts were covered by FII. Net FII Long Short ratio at 1.36 so FII used rise to enter longs and exit shorts.
As Discussed in Last Analysis 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. Nifty opened with a gap up, Now we are at a crucial juncture and can see potential price time squaring tommrow based on Gann if we do another close below 15043. Bulls need a close above 15150 for a move back to 15200/15250/15312. Bears will get active below 15043 for a move back to 15001/14943/14888.
Total Future & Option trading volume at 36.4 Lakh core with total contract traded 1.18 lakh , PCR @0.92
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.
15100 CE is having Highest OI at 40.6 Lakh, resistance at 15100 followed by 15200. 14900-15200 CE added 12 Lakh in OI so bears added in range of 14900-15100. FII bought 86.9 K CE and 48 K CE were shorted by them. Retailers bought 137 K CE and 91.7 K CE were shorted by them.
14700 PE OI@38.2 Lakhs having the highest OI strong support at 14700 followed by 14600. 14700-14900 PE added 14 Lakh in OI so bulls addded position in range 14600-14800.FII bought 41 K PE and 26 K PE were shorted by them. Retailers bought 98.6 K PE and 78 K PE were shorted by them.
FII’s bought 618 cores and DII’s bought 449 cores in cash segment.INR closed at 73.18