FII bought 2 K contract of Index Future worth 3076 cores, Net OI has increased by 9.8 K contract 12.1 K Long contract were covered by FII and 4.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.43 so FII used fall to exit longs and exit shorts.
As Discussed in Last Analysis 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. Nifty bears were able to close below 15043 now waiting for the target of 15001/14943/14888 as per gann price time squaring, Bulls need a close above 15150 for a move back to 15200/15250/15312.
Total Future & Option trading volume at 42.8 Lakh core with total contract traded 0.88 lakh , PCR @0.93
Nifty April Future Open Interest Volume is at 1.07 Cores with liqudiation of 3.1 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @14703 closed above it.
15100 CE is having Highest OI at 31 Lakh, resistance at 15000 followed by 15050. 14900-15100 CE added 22 Lakh in OI so bears added in range of 15000-15100. FII bought 12.7 K CE and 19.7 K CE were shorted by them. Retailers bought 246 K CE and 187 K CE were shorted by them.
14800 PE OI@38.2 Lakhs having the highest OI strong support at 14800 followed by 14900. 14700-14800 PE added 34 Lakh in OI so bulls addded position in range 14700-14800.FII bought 2.5 K PE and 528 PE were shorted by them. Retailers sold 35.5 K PE and 8.2 K PE were shorted by them.
FII’s sold 698 cores and DII’s sold 852 cores in cash segment.INR closed at 73.25