FII sold 6.8 K contract of Index Future worth 588 cores, Net OI has increased by 5.7 K contract 549 Long contract were covered by FII and 6.3 K Shorts were added by FII. Net FII Long Short ratio at 1.96 so FII used rise to exit longs and enter shorts.
As discussed in Last AnalysisToday we have RBI Policy outcome followed by 4 Astro Dates coming 1. SUN Square Uranus 2. Venus Square Saturn HELIO generally show Bearish move 3. Venus Opposition Uranus HELIO 4. Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes, suggesting very important date today and can lead to trend change in market. Bulls will get active above 16332 for a move towards 16396/16461/16554. Bears will get active below 16205 for a move towads 16141/16078/16015. Nifty saw a red closing and now bears are waiting for close below 16205 for a move towads 16141/16078/16015. Bulls need to move above 16281 for a move towards 16332/16396/16461/16554
Total Future & Option trading volume at 31.2 Lakh core with total contract traded 0.91 lakh , PCR @0.98
Nifty August Future Open Interest Volume is at 1.23 Cores with addition of 0.36 Lakh with increase in cost of carry suggesting SHORT position were added today, NF Rollover cost @15791 closed above it.
16300 CE is having Highest OI at 37.1 Lakh, resistance at 16300 followed by 16400. 16000-16300 CE added 32 Lakh in OI so bears added in range of 16100-16200.FII bought 8.5 K CE and 25.3 K CE were shorted by them. Retailers bought 408 K CE and 385 K CE were shorted by them.
16200 PE OI@14.2 Lakhs having the highest OI strong support at 16200 followed by 16100. 16000-16200 PE added 22 Lakh in OI so bulls addded position in range 16000-16100. II bought 10.3 K PE and 7 K PE were shorted by them. Retailers bought 212 K PE and 228 K PE were shorted by them.
FII’s sold 69 cores and DII’s sold 631 cores in cash segment.INR closed at 74.28