FII sold 4.2 K contract of Index Future worth 478 cores, Net OI has increased by 5.2 K contract 468 K Long contract were added by FII and 4.7 K Shorts were added by FII. Net FII Long Short ratio at 1.8 so FII used rise to enter longs and enter shorts so small longs were entered and shorts entered in the system.
As Discussed in Last Analysis High made was 15769 near our trigger level of 15740 and did all target on downside. We are approaching crucial time cycle both ganna and asto, price is near gann support zone as shown in below chart suggesting we are in another big move in next 2 trading sessions. Bulls will get active above 15729 for a move towards 15768/15843/15920. Bears will get active below 15666 for a move towards 15610/15555/15485. We have 3 Plannet Ingress Sun/Jupiter/Mercury on 20/21/22 this particule Astro Phenomeon is called Tripple Ingress and is a very rare and powerful astro event,Mercury will go Direct tommrow so another big move will be seen. Bulls will get active above 15799 for a move towards 15864/15931/16000. Bears will get active below 15707 for a move towards 15636/15555.
Total Future & Option trading volume at 37.4 Lakh core with total contract traded 1.08 lakh , PCR @0.88
Nifty June Future Open Interest Volume is at 0.80 Cores with liquidation of 0.74 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @15296 closed above it.
15900 CE is having Highest OI at 23.5 Lakh, resistance at 15900 followed by 16000. 15900-16000 CE added 14 Lakh in OI so bears added in range of 15900-16000. FII bought 53.4 K CE and 41.7 K CE were shorted by them. Retailers bought 46.9 K CE and 73.9 K CE were shorted by them.
15500 PE OI@32 Lakhs having the highest OI strong support at 15500 followed by 15600. 15500-15700 PE added 12 Lakh in OI so bulls addded position in range 15600-15500. FII bought 45.8 K PE and 40 K PE were shorted by them. Retailers bought 280 K PE and 229 K PE were shorted by them.
FII’s sold 1244 cores and DII’s bought 138 cores in cash segment.INR closed at 74.22