Nifty fails to hold 8150

Nifty gave up its gains in the second half of the day and closed below 8150. Nifty’s range for the day is 47.85 points and it closed up 0.18 % compared to Monday’s closing value.

Traded Value (Rs. In Crores) 13676.35
Traded Quantity (in Lakhs) 7879.06
Number of Trades 6607101
Total Market Capitalisation (Rs. Crores) 10497389

ADVANCES 936
DECLINES 683
UNCHANGED 72

In the cash segment FIIs were buyers to the tune of Rs 162 crores and DIIs net sellers to the tune of Rs 165 crores.

Today FIIs bought net 3,674 contracts of index futures, bought net 4,449 contracts of index calls and bought net 5,501 contracts of index puts

Now FIIs are holding net long 44,848 contracts of index futures, net long 4,898 contracts of index calls and net long 318,932 contracts of index puts.

Retailers bought bought net 1,354 contracts of index futures, bought net 11,931 contracts of index calls and bought net 4,900 contracts of index puts

Pros sold net 3,694 contracts of index futures, sold net 16,514 contracts of index calls and sold net 10,402 contracts of index puts.

FII positions in Index puts, futures and calls.

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

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 a breakout above 8300. What can cause a huge directional move? A rate cut exceeding 50 bps or no rate cut or a rate cut less than 50 bps can be the trigger.