FII bought 31.1 K contract of Index Future worth 2536 cores, Net OI has increased by 6.8 K contract 18.9 K Long contract were added by FII and 12.1 K Shorts were covered by FII. Net FII Long Short ratio at 2.25 so FII used rise to enter longs and exit shorts.
As discussed in Last Analysis Mercury went in Superior Conjunction and Saturn goes in an Inharmonious aspect with Sun Suggesting we should see big move in Nifty. Nifty bulls need to move above 15900 for a move back to 15960/16023/16086 . Bears will get active below 15811 for a move back to 15748/15685/15623. Low made was 15914 so bulls had upper hand and with Saturn Aspect and Mercury Superioer Conjuction multiple Astro event added fuel to fire and we got the big move completing all target on upside.Now Bulls need to hold 16107-16097 level for the upmove to continue till 16170/16234/16298/16362. Bears will get active below 16043 for a move back to 15980/15917/15854.
Total Future & Option trading volume at 47.1 Lakh core with total contract traded 1.05 lakh , PCR @0.83
Nifty August Future Open Interest Volume is at 1.16 Cores with addition of 11.8 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15791 closed above it.
16300 CE is having Highest OI at 15.6 Lakh, resistance at 16300 followed by 16400. 16000-16300 CE added 12 Lakh in OI so bears added in range of 16100-16200.FII bought 74 K CE and 22.3 K CE were shorted by them. Retailers sold 132 K CE and 38 K shorted CE were covered by them.
15800 PE OI@18.2 Lakhs having the highest OI strong support at 15800 followed by 15700. 15800-16000 PE added 32 Lakh in OI so bulls addded position in range 15900-16000. FII bought 102 K PE and 92 K PE were shorted by them. Retailers bought 692 K PE and 544 K PE were shorted by them.
FII’s bought 2116 cores and DII’s sold 298 cores in cash segment.INR closed at 74.45