FII bought 31.2 K contract of Index Future worth 2572 cores, Net OI has decreased by 4.9 K contract 13.1 K Long contract were added by FII and 18.1 K Shorts were covered by FII. Net FII Long Short ratio at 2.34 so FII used rise to enter longs and exit shorts.
As Discussed in Last Analysis High made was 15789 so bulls failed to rally above 15785 and bears failed to fall below 15666 so day of whipsaw. We should see trending move in next 2 days based on astro dates in below video. Bulls need to move above 15790 for a move back to 15853/15920. Bears will get active below 15625 for a move back to 15564/15490. Low made was 15744 so bulls were able to make entry 15790,waiting for target of 15883/15946. Now its time to be cautious on long side as today “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” is active and we have also completed 99 bars from 16 Feb Top As Both Astro and Gann Cycle are coming also we formed NR7 pattern today so we can see some downmove in market in next few trading sessions.Bears will get active below 15743 for a move back to 15685/15610/15555.
Total Future & Option trading volume at 39.11 Lakh core with total contract traded 1.31 lakh , PCR @0.87
Nifty July Future Open Interest Volume is at 0.92Cores with liqudiation of 1 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15794 closed below it.
15900 CE is having Highest OI at 45.3 Lakh, resistance at 15900 followed by 16000. 15800-16000 CE added 14 Lakh in OI so bears added in range of 15900-16000. FII sold 8.9 K CE and 24.9 K shorted CE were covered by them. Retailers sold 263 K CE and 109 K shorted CE were covered by them.
15800 PE OI@35.4 Lakhs having the highest OI strong support at 15800 followed by 15700. 15600-15800 PE added 12 Lakh in OI so bulls addded position in range 15700-15800. FII sold 26.7 K PE and 43 K PE were shorted by them. Retailers bought 391 K PE and 228 K PE were shorted by them.
FII’s bought 113 cores and DII’s bought 344 cores in cash segment.INR closed at 74.61