F&O – Open Interest Report for 28th June 2016

After a massive drop due to BREXIT, Nifty is slowly consolidating and moving up but on lower volumes. The bulls got slaughtered by the BREXIT event on Friday. European indices and Dow Futures suggest that the bears might lose their grip.

We had a huge fall on Friday on big volumes and the recovery on Monday and Tuesday happened on low volumes. Like yesterday, both FIIs and DIIs were net sellers in cash. FIIs sold a net 190 crores and DIIs 243 crores.

FNO segment

Foreign institutional investors (FIIs) added 15,059 contracts in Index shorts and also added 2,728 longs
In addition, FIIs bot 13,038 contracts of Index calls and 11,014 contracts of Index puts.
FII data is more  bearish than bullish

PCR data shows 8100 is support and 8300 is resistance
The range now in intraday charts is 8055-8160