FII sold 4910 contracts of nifty future of Rs 76cr.and open interest increased by 27192.
As nifty future was down by 120 points and open interest increased by 27192 which shows shorter built-up.
Nifty fut. open interest increased by 17.55 LAkhs. Total open interest stands at 2.02cr. huge short covered in nifty fut.
Total F&O turnover was 1.27lakh cr. In 3.94 lakh contract traded.
5300 CE added 7lakhs open interest. Total open interest now 63lakhs which is higher end of May series.
5200 CE has added 11laks open interest. Total open interest now 62lakhs. Now on from here 5200 looks a strong resistacne for May series.
4900-5300 CE added 42 lakhs open interest which is bearish sign.
On put side 5000 PE is having highest open interest of 68Lakhs. 500 PE writers did not exited today and added 47000 contracts. Once 5000 gets broken next support at 4900 PE looks lit bit weak total open interest is at 46 lakhs only. Hence we may see sharp fall if 4900 PE do not see much addition tomorrow.
FII sold 398 cr and Dii bought 257cr. In cash segment indicates they are still selling stock future and today’s sell was 104cr.
So nifty fut. Trend deciding level is 4830 to 5187 above 5187 bulls will rule nifty and below 4830 bears have upper hand. If trend deciding level down by more than 160 points which suggest FII have added more shorts.
Disclaimer - I have got this from other sources, please cross check this against your own research/sources
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