FII sold 4.1 K contract of Index Future worth 364 cores, Net OI has increased by 3.3 K contract 408 Long contract were covered by FII and 3.7 K Shorts were added by FII. Net FII Long Short ratio at 2.20 so FII used rise to exit longs and enter shorts.
As discussed in Last AnalysisNow Bulls need to protect 16212 for upmove to continue towards 16307/16385. Bears will get active below 16196 for a fall towards 16127/16080. Bulls protected 16212 as low made was 16210 and did 1 target on upside, Today 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.