FII sold 24 contract of Index Future worth 9cores, Net OI has decreased by 4.2 K contract 2.1 K Long contract were covered by FII and 2.1 K Shorts were covered by FII. Net FII Long Short ratio at 1.09 so FII used fall to exit longs and exit shorts.
As Discussed in Last AnalysisNifty 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 a quick move towards 14590/14666/14729. Bears will get active below 14444 for a quick move towards 14397/14353/14285/14222. Low made was 14506 so bulls got entry at 14530 and did 1 target on upside, and were able to close above 14610 as discussed in below video waiting for the target of 14666/14729/14799. Bears will get active below 14555 for move towards 14499/14444/14400.
Total Future & Option trading volume at 44.6 Lakh core with total contract traded 1.38 lakh , PCR @0.83
Nifty April Future Open Interest Volume is at 1.08 Cores with liquidation of 1.09 Lakh with increase in cost of carry suggesting LONG position were added , NF Rollover cost @14703 closed below it.
14600 CE is having Highest OI at 31 Lakh, resistance at 14600 followed by 14700. 14500-14700 CE liquidation 9.3 Lakh in OI so bears covered in range of 14600-14700. FII bought 7.6 K CE and 8.7 K CE were shorted by them. Retailers sold 19.1 K CE and 20.5 K CE were shorted by them.
14500 PE OI@28.9 Lakhs having the highest OI strong support at 14500 followed by 14400. 14400-14500 PE added 20 Lakh in OI so bulls addded position in range 14400-14500.FII bought 5.2 K PE and 25.5 K PE were shorted by them. Retailers bought 235 K PE and 163 K PE were shorted by them.
FII’s sold 1110 cores and DII’s sold 240 cores in cash segment.INR closed at 74.26