F&O – Open Interest Report for 8th July 2016

Nifty opened at 8350 and quickly made a low of 8298 at 9.40 AM and steadily climbed up to end the day at 8323.20

Nifty Gainers

Nifty Losers

In the cash segment Foreign institutional investors (FIIs) net bought Rs 331 crores while Domestic institutional investors (DIIs) net sold 513 crores.

Foreign institutional investors (FIIs) sold 3,831 contracts in Index futures ,2978 contracts in Index calls and bought 9,656 contracts in Index puts. FIIs are steadily accumulating puts. Domestic institutional investors (DIIs) are still  net short in Index Futures by 7,325 contracts.

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

Nifty Futures is forming a nice triangle. US jobs data can trigger a breakout or breakdown in which case 8400 CE writers or 8300 PE writers will run for cover!