FII sold 11.4 contract of Index Future worth 912 cores, Net OI has decreased by 14.8 K contract 13.1 K Long contract were covered by FII and 1.6 K Shorts were covered by FII. Net FII Long Short ratio at 1.62 so FII used fall to exit longs and exit shorts.
As discussed in Last AnalysisNifty opened with gap up but venus declination showed impact and we started falling, Today we have a very important aspect which is SUN Opposition Jupiter which is also called as Dow Crash Aspect, Jupiter is larget plannet of solar system so this is a very rare aspect, so we should see another fall tommrow. 16384 is important level to watch out for , Below 16384 we can fall towards 16323/1670/16225. Bulls will have chance above 16610 for a move back to 16666/16729. Low made was 16376 and we recovered quickly, Now Bulls need to move above 16546 for move back to 16633/16718/16762. Bears will get active below 16444 for a move back to 16359/16316/16252/16188.
Total Future & Option trading volume at 41.9 Lakh core with total contract traded 1.90 lakh , PCR @0.92
Nifty August Future Open Interest Volume is at 1.08 Cores with liqudiation of 17.2 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @15791 closed above it.
16500 CE is having Highest OI at 23.6 Lakh, resistance at 16500 followed by 16600. 16500-16700 CE added 18.4 Lakh in OI so bears added in range of 16400-16500.FII bought 74.8 K CE and 49.6 K CE were shorted by them. Retailers bought 556 K CE and 512 K CE were shorted by them.
16400 PE OI@42.7 Lakhs having the highest OI strong support at 16400 followed by 16500. 16200-16400 PE added 12 Lakh in OI so bulls addded position in range 16300-16400. FII bought 118 K PE and 37.6 K PE were shorted by them. Retailers bought 195 K PE and 293 K PE were shorted by them.
FII’s sold 2287 cores and DII’s bought 119 cores in cash segment.INR closed at 74.42