FII sold 26.3 K contract of Index Future worth 2068 cores, Net OI has decreased by 12.4 contract 19.3 K Long contract were covered by FII and 6.9 K Shorts were added by FII. Net FII Long Short ratio at 1.52 so FII used rise to exit longs and enter shorts.
As Discussed in Last Analysis 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.We saw the big voaltility due to Mercury as discussed in below video, High made was 15836 so bears got a chance near 15843 and all bearish target done. Now if we are unable to close above 15836 bears can push nifty twoards 15636/15555. Bulls need to move above 15843 for a move back to 15899/15960. Bears will get active below 15681 for a move towards 15636/15555.
Total Future & Option trading volume at 44.3 Lakh core with total contract traded 0.80 lakh , PCR @0.89
Nifty July Future Open Interest Volume is at 0.90 Cores with liqudiation of 3.7 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @15794 closed below it.
15900 CE is having Highest OI at 25 Lakh, resistance at 159000 followed by 16000. 15900-16100 CE added 12 Lakh in OI so bears added in range of 15900-16000.FII bought 14.4 K CE and 70.5 K CE were shorted by them. Retailers bought 638 K CE and 444 K CE were shorted by them.
15600 PE OI@22 Lakhs having the highest OI strong support at 15600 followed by 15500. 15600-15800 PE added 22 Lakh in OI so bulls addded position in range 15600-15500. FII bought 39.8 K PE and 13.6 K PE were shorted by them. Retailers sold 14.6 K PE and 68.4 K PE were shorted by them.
FII’s sold 2198 cores and DII’s bought 1047 cores in cash segment.INR closed at 75.02