FII bought 5.8 K contract of Index Future worth 566 cores, Net OI has decreased by 14.9 K contract 4 K Long contract were covered by FII and 10.9 K Shorts were covered by FII. Net FII Long Short ratio at 0.23 so FII used rise to exit long and exit short in Index Futures.
As Discussed in Last Analysis As Discussed in below video we have Venus Conjunct Uranus HELIO Aspect and Lunar Cycle so we can see good upmove tommrow. Bulls need to close above 16157 now waiting for target of 16221/16284/16347. Bears will get active below 15988 for a move towards 15929/15866. Nifty Bulls opened with gap up but unable to close above 16157, Bears below 15988 now waiting for 15929/15866 till we are below 15988. Today again we will see gap down open .Bulls need to close above 16202 now waiting for target of 16084/16147.
Intraday time for reversal can be at 9:16/10:53/11:47/12:47/1:45/2:39 How to Find and Trade Intraday Reversal Times
MAX Pain is at 16000 PCR at 0.93 PCR below 0.87 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Nifty July Future Open Interest Volume is at 1.18 Cores with liquidation of 2.9 Lakh with decrease in cost of carry suggesting Long positions were closed today.
Nifty rollover cost @ 15801 and Rollover @66.1 % Closed above the rollover level suggesting bias is Bullish
Maximum Call open interest of 54 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 54 lakh contracts was seen at 15800 strike, which will act as a crucial Support level. There is total OI of 10.2 Cr on the Call side and 8.2 Cr on the Put side. So, the activity is more on CALL side indicating Option Writers are having BEARISH Bias.
FII’s sold 2839 cores and DII’s bought 1799 cores in cash segment.INR closed at 79.71
Above 16108 rally towards 16573 as per Musical Octave. Failed to close above 16108 heading towards 15642 till below 16108.
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