FII bought 13.1 contract of Index Future worth 1102 cores, Net OI has increased by 18.4 K contract 15.8 K Long contract were added by FII and 2.6 K Shorts were added by FII. Net FII Long Short ratio at 1.87 so FII used rise to enter longs and enter shorts.
As discussed in Last AnalysisWe have Sun Ingress Astro Event as discussed in below video, suggesting if todays low 16396 is not breached trend is on upside for coming week, Bulls need to move above 16546 for a move towards 16633/16718/16762. Bears will get active below 16395 for a move back to 16323/16256/16188. 1 Bullish target done, Sun Ingress Confirmed bottom and Bayers date gave mometum when 2 Astro Date come together we generally gets big move in market. Now Bulls need to hold 16570 for a move back to 16682/16740/16830. Bears will get chance only below 16530 for a move back to 16460/16400/16323.
Total Future & Option trading volume at 51.1 Lakh core with total contract traded 1.47 lakh , PCR @0.84
Nifty Sep Future Open Interest Volume is at 0.58 Cores with addition of 21.6 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15791 closed above it.
16700 CE is having Highest OI at 53.6 Lakh, resistance at 16700 followed by 16800. 16700-16800 CE added 18.4 Lakh in OI so bears added in range of 16400-16500.FII bought 22.7 K CE and 31.8 K CE were shorted by them. Retailers sold 268 K CE and 162 K shorted CE were covered by them.
16500 PE OI@52.7 Lakhs having the highest OI strong support at 16500 followed by 16400. 16400-16500 PE added 42 Lakh in OI so bulls addded position in range 16300-16400. FII bought 21.9 K PE and 67.4 K PE were shorted by them. Retailers bought 505 K PE and 369 K PE were shorted by them.
FII’s sold 1644 cores and DII’s bought 2380 cores in cash segment.INR closed at 74.21