FII bought 2.5 K contract of Index Future worth 257 cores, Net OI has decreased by 4.4 K contract 914 Long contract were covered by FII and 3.5 K Shorts were covered by FII. Net FII Long Short ratio at 2 so FII used rise to exit longs and exit shorts.
As discussed in Last Analysis 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. It was a day of whipsaw both bulls and bears unable to complete the target and price contine to face resistance at gann angle, No change in plan, Bulls need to move above 16281 for a move towards 16332/16396/16461/16554. Bears will get active below 16225 for a move back to 16141/16078/16015.
Total Future & Option trading volume at 41.2 Lakh core with total contract traded 1.13 lakh , PCR @0.93
Nifty August Future Open Interest Volume is at 1.24 Cores with addition of 1.21 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 42.1 Lakh, resistance at 16300 followed by 16400. 16000-16300 CE added 12 Lakh in OI so bears added in range of 16100-16200.FII sold 23.1 K CE and 4.3 K CE were shorted by them. Retailers bought 272 K CE and 351 K CE were shorted by them.
16200 PE OI@24.2 Lakhs having the highest OI strong support at 16200 followed by 16100. 16000-16200 PE added 12 Lakh in OI so bulls addded position in range 16000-16100. FII sold 24.1 K PE and 3.2 K PE were shorted by them. Retailers bought 303 K PE and 73.5 K shorted PE were covered by them.
FII’s bought 211 cores and DII’s sold 716 cores in cash segment.INR closed at 74.42