*****NIFTY*******24 MARCH
- nifty fut converted into premium of 21 points thus COC increased today.
- OI increased by 4.6 lacs( NEW LONG POSITION)
***FII DATA*******
18 MARCH
--FII buy 1018 cr index fut (total buy of 1267 cr in current series).
-OI of FII decreased to 1043842 contracts ( short covering by fii on March 18.)
19 MARCH
--FII buy 1846 cr index fut (total BUY of 3113 cr in current series).
-OI of FII decreased to 985013 contracts ( short covering by fii on March 19.)***OPTIONS*****24 MARCH
-put added 6 lacks and call added 6.3 lacks in OI today.
- Nifty open int PCR REMAINS to 0.86.
********FUND FLOW*******
18 MARCH
-FII net sell 687cr in cash (total sell of 3384 cr in current series).
-mut fund buy 65 cr (total sell of 582 cr in current series).
19 MARCH
-FII net buy 537cr in cash (total sell of 2847 cr in current series).
-mut fund sell 291 cr (total sell of 853 cr in current series).
-------------sumarry----------
open interest of FII in index future was at 996862 after the end of feb. series which is now at 985013 contracts.
FII buy 3113 cr index futures so far in current series UPTO 19 MARCH.
SO IT SEEMS THAT FII HAVE COVERED THERE CARRY FORWARDED SHORTS ALSO AND PROBABLY HAVE TAKEN LONG POSITION ALSO.
FII also buy 1385 cr index fut on 24 march(CNBC).
****TECHNICALS****
as poined by me sensex and nifty continue to take support on RSI trendline suggest strength in markets, MACD is alos turning positive so we may witness a rally very soon.
-jignesh
