The index opened strong and stayed strong for the entire session of trade making new high with each passing hour to close near the highs of the day, just a few points from 9000 at 8943.00, huge gain of 133.35 points. The broader market was strong with 1033 advances to 595 declines. Range now at 8600-9000.
- Call option 9100-9400 added 12.21 lacs OI with short covering at 8900 and below strike prices.
- Put option 9100-8700 added huge 38.36 lacs OI with profit booking at 8600 and below strike prices.
- Nifty Open Interest is at 3,38,95,575 up by 7,28,850, with increase in price, probably huge long build-up.
- Bank Nifty Open Interest is at 29,56,920 up by 53,840, with increase in price, probably long build-up.
- FII’s bought 5692 contracts of Index Futures, which includes net 9734 contracts long build-up and 4042 contracts short build-up, with increase in net OI by 13776 contracts, includes 34337 longs to 28645 shorts for the day.
- FII’s Index future open contract as on date is 405826 Longs to 46437 Shorts, Net long 359389 contracts.
- Initial support now at 8800, with OI of 43.03 lacs and below that at 8700 with OI of 49.75 lacs.
- Initial and best resistance at 9000, with OI of 58.88 lacs and above that at 9100 with OI of 33.73 lacs.
- Day Range as per Option Table is 8859 - 8983 and as per VIX is 8883 - 9003 with 8914 as the Pivot.
Call OI : 35846100
Put OI : 48438000
PCR OI : 1.3513
SMR : 9.44 (Bullish : Nifty could see 9000 in a day or two, but time to be cautious with longs, though shorting is a strict NO, remains a Buy on Dips...)
No comments:
Post a Comment