FII sold 12.8 K contract of Index Future worth 1109 cores, Net OI has increased by 901 contract 5.9 K Long contract were covered by FII and 6.8 K Shorts were added by FII. Net FII Long Short ratio at 2.1 so FII used rise to exit longs and enter shorts.
As Discussed in Last Analysis 15946 done and we saw the impact of Astro and Gann Date. Now we are back to Gann Angle resistance zone as shown in below chart, Now Bulls need to cross 15946 for a move back to 16009/16072/16136. Bears need to move below 15883 for a quick fall towards 15820/15757. Bulls failed to move above 15946 and Bears failed to closed below 15883. 19-20 are important astro dates which involves Mercury so expect big voaltility in the market,on 19 Mercury Declination is at Extreme. Bears will get active below 15843 for a quick move towards 15785/15729/15681. Bulls will get active above 15946 for a move back to 16002/16042.
Total Future & Option trading volume at 28.2 Lakh core with total contract traded 0.80 lakh , PCR @0.92
Nifty July Future Open Interest Volume is at 0.94 Cores with liqudiation of 3 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15794 closed above it.
16100 CE is having Highest OI at 16.9 Lakh, resistance at 16000 followed by 16100. 15900-16100 CE added 22 Lakh in OI so bears added in range of 15900-16000.FII bought 54.9 K CE and 70.1 K CE were shorted by them. Retailers bought 426 K CE and 391 K CE were shorted by them.
15800 PE OI@22 Lakhs having the highest OI strong support at 15800 followed by 15700. 15600-15800 PE added 12 Lakh in OI so bulls addded position in range 15700-15800. FII bought 62.1 K PE and 40.6 PE were shorted by them. Retailers bought 224 K PE and 270 K PE were shorted by them.
FII’s sold 466 cores and DII’s bought 666 cores in cash segment.INR closed at 74.71