FII bought 1.1 K contract of Index Future worth 98 cores, Net OI has decreased by 11.8 K contract 5.3 K Long contract were covered by FII and 6.4 K Shorts were covered by FII. Net FII Long Short ratio at 2.9 so FII used rise to exit longs and exit shorts so longs and shorts exited from the system.
As Discussed in Last Analysis We are near important gann and astro time cycle( MERCURY LATITUDE HELIOCENTRIC ) we can see reversal in price above 15174. Any break below 15666 bears will get mometum in there side. Bulls need to move above 15714 for a rally towards 15789/15843/15899/15943. Bears will get active below 15666 for a move towards 15610/15555/15485. Bears were able to break of 15666 but got whipsawed in another low volatile day with VIX touching 12 but price bounced from gann angle we saw price holding support of gann angle based on gann price time squraring. As Bulls were able to close above 15714 above low of MERCURY LATITUDE HELIOCENTRIC Low nowwaiting for the target of 15789/15843/15899/15943, Bears will get active below 15636 for a move back to 15555/15485.
Total Future & Option trading volume at 30 Lakh core with total contract traded 1.06 lakh , PCR @0.85
Nifty July Future Open Interest Volume is at 0.92 Cores with liqudation of 0.37 Lakh with decrease in cost of carry suggesting SHORT position were added today, NF Rollover cost @15794 closed above it.
15800 CE is having Highest OI at 42.2 Lakh, resistance at 15800 followed by 15900. 15800-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000. FII sold 9.2 K CE and 16.5 K CE were shorted by them. Retailers bought 221 K CE and 250 K CE were shorted by them.
15600 PE OI@27.2 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15700 PE added 22 Lakh in OI so bulls addded position in range 15600-15700. FII bought 1.5 K PE and 26.6 K PE were shorted by them. Retailers bought 267 K PE and 256 K PE were shorted by them.
FII’s sold 982 cores and DII’s bought 930 cores in cash segment.INR closed at 74.90