FII sold 7.4 K contract of Index Future worth 596 cores, Net OI has decreased by 5.7 K contract, 6.5 K Long contract were liquidated by FII and 864 short were added by FII. Net FII Long Short ratio at 0.99, So FII used fall to exit longs and enter shorts.
As discussed in last analysisLow made was 12023 and bulls were able to do all target on upside so we saw effect of CHIRON Ingress. Now Bulls need a close above 12100 for a move towards 12167/12240.Bears have there chance below 12020 for a move back to 11940/11881. Nifty Bulls got whipsawed today, As per time cycle big move should be seen in next 2 days.Bulls need a close above 12100 for a move towards 12167/12240. Bears have there chance below 12020 for a move back to 11940/11881.
Total Future & Option trading volume at 8.62 Lakh core with total contract traded at 0.83 lakh , PCR @0.96
Nifty Dec Future Open Interest Volume is at 1.35 Lakh core with liquiation of 5.4 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12132 closed below it.
12100 CE is having Highest OI at 12 Lakh, resistance at 12100 followed by 12200 .11800-12300 CE added 10 Lakh in OI so bears added position in range of 12100-12200. FII sold 11.2 K CE and 1.2 K CE were shorted by them. Retailers bought 150 K CE and 95 K CE were shorted by them.
11900 PE OI@18 Lakhs having the highest OI strong support at 11900 followed by 11800 . 11800-12200 PE added 9 Lakh in OI so bulls added position in range 11800-12000.FII bought 100 PE and 13K PE were shorted by them. Retailers bought 41 K PE and 42 K PE were shorted by them.
FII’s bought 728 cores and DII’s sold 796 cores in cash segment.INR closed at 70.82