NIFTY WEEKLY VIEW

Nifty is trading at a premium of 18-19 points as compared to a

premium of 9-10 points as of the previous trading week.

The PCR for Nifty based on open interest was up at 1.45 as

compared to 1.30 as of the previous trading week.

The PCR for Nifty based on Volumes was down at 1.22 as

compared to 1.04 as of the previous trading week.

Nifty Futures open interest saw a increase of around 0.11%.

In Index Futures FII’s were net sellers to the tune of ` 724 Cr

with an open interest decrease of around ` 704 Cr as compared

to net selling of ` 2817 Cr with an open interest increase of

around ` 304 Cr as of the previous trading week.

Long build up was seen in Telecom and Media.

Short build up was seen in Textiles and Capital Goods.

Short Covering was seen in Auto, Banking, Cement, FMCG, Oil & Gas, Metals, Pharma, Power, Finance, Chemicals & Fertilizers, Sugar and Shipping.

Long Unwinding was seen in IT, Infra and Real Estate.,,,,,,,,,,,,, CLICK HERE TO CONTINUE