FII sold 4.4 K contract of Index Future worth 318 cores, Net OI has decreased by 7.2 K contract 5.8 K Long contract were covered by FII and 1.3 K Shorts were covered by FII. Net FII Long Short ratio at 2.62 so FII used rise to exit longs and exit shorts so longs and shorts exited the the system.
As Discussed in Last Analysis 15915 done above 15850 and we formed a double top and price saw an intraday correction with Tata Motors crashing down 10% as discussed in below video Venus has impact on tata motors once Monday low was breached it was a waterfall decline. We will have cabinet expansion tommrow till bulls are holding 15777-15800 range bulls have upper hand and rally can continue till 15864/15915/16000. Bears will get active below 15763 for a move towards 15729/15666/15610. Low made was 15779 so bulls were able to hold range of 15777-15800 did 1 target on upsdie now waiting for the target of 15915/16000. Good Trending move should be seen in next 2 trading session as important astro date is coming. Bears will have there chance below 15770 for a move towards 15694/15610
Total Future & Option trading volume at 46.4 Lakh core with total contract traded 0.95 lakh , PCR @0.91
Nifty July Future Open Interest Volume is at 0.94 Cores with liqudiation of 1.1 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15794 closed above it.
15900 CE is having Highest OI at 59.2 Lakh, resistance at 15900 followed by 16000. 15800-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000. FII bought 32.1 K CE and 28.3 K CE were shorted by them. Retailers bought 28.7 K CE and 79.8 K CE were shorted by them.
15700 PE OI@47.2 Lakhs having the highest OI strong support at 15700 followed by 15600. 15500-15700 PE added 22 Lakh in OI so bulls addded position in range 15600-15700. FII bought 46.9 K PE and 48.2 K PE were shorted by them. Retailers bought 230 K PE and 189 K PE were shorted by them.
FII’s bought 532 cores and DII’s sold 231 cores in cash segment.INR closed at 74.83