Nifty Fall From 11666 on RBI Day

  • FII’s bought 2.5 K contract of Index Future worth 72 cores 1.9 K Long contract were added by FII’s and 594  Short contracts were covered by FII’s. Net Open Interest increased  by 1.3 K contract, so fall in Nifty was used by FII’s to enter long and exit short in  Index futures. FII’s Long to Short Ratio at 2.29.

  • Nifty April Future Open Interest Volume is at 1.54 core with liquidation  of 1.3 Lakh with  increase in  cost of carry suggesting short position were covered today, NF Rollover cost @11537.
  • Total Future & Option trading volume at 22.3  Lakh core with total contract traded at 1.15  lakh , PCR @0.73
  • 11800 CE  is having Highest OI  at 19.5 Lakh, resistance at 11700  followed by 11800 .11000-11800 CE added 6.1 Lakh in OI so bears added position in range of 11600-11800. FII sold 2.3 K CE and 16.6 K shorted CE were covered by them. Retail sold 261  K CE and 161  K shorted CE were covered by them
  • 11500 PE OI@21.3 Lakhs having the highest OI strong support at 11400 followed by 11300 . 11000-11600 PE added 10 Lakh in OI so bulls added position in range 11300-11400 PE.FII sold 7.8 K PE and 1.1 K shorted  PE were covered by them. Retail sold 135 K PE and 105 K shorted  PE were covered by them.

Buy above 11610 Tgt 11630,11654 and 11676 (Nifty Spot Levels)

Sell below 11570 Tgt 11550,11525 and 11500 (Nifty Spot Levels)