Nifty ends below 8200 in volatile session

Nifty closes below 8200 as FIIs resume selling before the crucial FOMC meeting. Nifty’s range for the day is 73.05 points and it closed up 0.62 % compared to Monday’s closing value.

Traded Value (Rs. In Crores) 18050.07
Traded Quantity (in Lakhs) 7956.45
Number of Trades 7325395
Total Market Capitalisation (Rs. Crores) 10563444

ADVANCES 786
DECLINES 824
UNCHANGED 81

In the cash segment FIIs were net sellers to the tune of Rs 632 crores and DIIs net buyers to the tune of Rs 211 crores.

Today FIIs sold net 1560 contracts of index futures, sold net 24458 contracts of index calls and sold net 7074 contracts of index puts

Now FIIs are holding net long 75136 contracts of index futures, net short 7763 contracts of index calls and net long 316844 contracts of index puts.

Retailers bought net 763 contracts of index futures, bought net 39308 contracts of index calls and bought net 10802 contracts of index puts

Pros bought net 922 contracts of index futures, sold net 14850 contracts of index calls and sold net 3927 contracts of index puts.

Highest Put option OI at 8000 and Highest call option OI at 8300 expect Nifty to trade between 8000-8300. A strong directional move is likely either on breach below 8000 or on strength above 8300.
what can cause a huge directional move? Fed rate policy on 14th Dec might be the trigger which can unleash a new trend.

FII positions in Index puts, futures and calls.

Nifty Put Call Ratio (PCR) data shows support at 8100 and resistance at 8200