F&O – Open Interest Report for 4th July 2016

Nifty continues to rise for the sixth day since the BREXIT event. However, today Nifty failed to cross 8400 and ended the day at 8371, a gain of 42 points from the previous close.

Today was a NR 21 Day (narrowest range in 21 days). One can expect a 100+ points move in either direction in a day or two.

In FNO segment, Foreign institutional investors (FIIs) bought 1,374 contracts in Index futures , 7,470 contracts in Index Calls and  4,219 contracts in Index puts. Surprisingly Domestic institutional investors (DIIs) have squared off 3,064 contracts in Index Futures. Does it mean a correction is in the offing?

In cash segment,  Foreign institutional investors (FIIs) and Domestic institutional investors (DIIs) were net buyers and they bought for  Rs  182.28 Crores and  377.45 Crores respectively.

Nifty Put Call Ratio (PCR) data shows 8300 as support and 8400 as resistance.