FII sold1.1 K contract of Index Future worth 133 cores, Net OI has increased by 8.1 K contract 3.4 K Long contract were covered by FII and 4.6 K Shorts were added by FII. Net FII Long Short ratio at 2.6 so FII used rise to enter longs and enter shorts so longs and shorts entered the the system.
As Discussed in Last Analysis 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 now waiting for the target of 15789/15843/15899/15943, Bears will get active below 15636 for a move back to 15555/15485. Bulls were able to do 2 target on upside as Gann Price Time Sqauring and Astro date showed its effect almost 100 points up in 2 trading sessions as discussed in below video. Now Bulls need to move above 15850 for a quick move towards 15915/15968/16044. Bears will get active below 15760 for a move back to 15698/15610.
Total Future & Option trading volume at 30 Lakh core with total contract traded 1.04 lakh , PCR @0.82
Nifty July Future Open Interest Volume is at 0.93 Cores with liqudation of 0.33 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15794 closed above it.
15900 CE is having Highest OI at 42.2 Lakh, resistance at 15900 followed by 16000. 15800-16000 CE added 14 Lakh in OI so bears added in range of 15900-16000. FII bought 18.9 K CE and 13.3 K CE were shorted by them. Retailers bought 29.5 K CE and 69.4 K CE were shorted by them.
15600 PE OI@37.2 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15700 PE added 32 Lakh in OI so bulls addded position in range 15600-15700. FII bought 5.9 K PE and 21.7 K PE were shorted by them. Retailers bought 316 K PE and 264 K PE were shorted by them.
FII’s sold 338 cores and DII’s bought 645 cores in cash segment.INR closed at 74.46