FII bought 3.6 contract of Index Future worth 309 cores, Net OI has decreased by 4.4 K contract 397 Long contract were covered by FII and 4 K Shorts were covered by FII. Net FII Long Short ratio at 1.71 so FII used rise to exit longs and exit shorts.
As discussed in Last AnalysisLow 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.We 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
Total Future & Option trading volume at 45.3 Lakh core with total contract traded 1.47 lakh , PCR @0.93
Nifty Sep Future Open Interest Volume is at 0.36 Cores with addition of 8.9 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15791 closed above it.
16500 CE is having Highest OI at 33.6 Lakh, resistance at 16500 followed by 16600. 16500-16700 CE added 38.4 Lakh in OI so bears added in range of 16400-16500.FII bought 29.7 K CE and 31 K CE were shorted by them. Retailers bought 210 K CE and 199 K CE were shorted by them.
16400 PE OI@52.7 Lakhs having the highest OI strong support at 16400 followed by 16500. 16200-16400 PE added 32 Lakh in OI so bulls addded position in range 16300-16400. FII sold 22.8 K PE and 6.6 K PE were shorted by them. Retailers bought 194 K PE and 144 K PE were shorted by them.
FII’s sold 1363 cores and DII’s bought 1452 cores in cash segment.INR closed at 74.22