FII FnO Data Analysis for 01 Oct
- FII’s bought 5.7 K contract of Index Future worth 232 cores, 8.5 K Long contract were added and 2.7 K short contracts were added by FII’s. Net Open Interest increased by 11.2 K contract , so FII added both long and short in index futures.
- Nifty has as expected volatile day , but as per Gann Box it continued trading in Yellow and Green line suggesting range bound volatile move. 7921/7911 have become an important demand zone and on upside 8030/8060 range have become the supply zone, closing above or below this range can quickly give a move on 100+ point. We have 3 trading holidays so try to avoid carrying excessive positions. Nifty is still holding 50 DMA and long term trendline suggesting underlying trend is still bullish.
- Nifty Future Sep Open Interest Volume is at 1.57 core with addition of 1.9 lakh in OI with decrease in CoC suggesting short addition.
- Total Future & Option trading volume was at 1.97 lakh core with total contract traded at 2.9 lakh. PCR @0.93.
- 8200 CE OI at 54.7 lakh suggesting wall of resistance , 8100 CE added 2.9 lakh suggesting 8100 will be difficult to cross in next 3 trading sessions, 8000 CE also added 3 lakh so 8000 will be fighting point again between bulls and bears. FII’s bought 24.1 K CE longs and 2.9 K CE shorted CE were covered by them.
- 7800 PE OI@ 55.6 lakhs so strong base @ 7800 . 7900 PE OI@52.5 lakh with addition of 14.3 lakh so 7900 PE is coming up as an strong base, FII’s bought 17 K contract PE longs and 4.9 K PE contract were shorted by them mostly in 7800/7900 PE.
- FII’s sold 485 cores in Equity and DII bought 201 cores in cash segment.INR closed at 61.51.
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