Nifty trades around 200 DMA

Nifty has recouped some of the losses of previous day and managed to gain 0.6% to close above 8200. 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 sellers to the tune of Rs 2,181 crores and DIIs net buyers to the tune of Rs 179 crores.

Today FIIs bought net 3768 contracts of index futures, sold net 2949 contracts of index calls and bought net 926 contracts of index puts

Now FIIs are holding net long 76696 contracts of index futures, net long 16695 contracts of index calls and net long 323918 contracts of index puts.

Retailers bought net 3014 contracts of index futures, sold net 1323 contracts of index calls and bought net 12234 contracts of index puts

Pros sold net 2244 contracts of index futures, bought 4272 net contracts of index calls and sold net 13261 contracts of index puts.

Highest Put option OI is at 8000 and Highest call option OI is 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. 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 8200 and resistance at 8300