Nifty's Daily Commentary - 14th December 2015

FIIs added net 3k long index futures which is the main reason for today's rally in addition to square off of shorts by DIIs and Pros

The rally was used by FIIs to write 10k Index calls and also 30k Index Puts are added by them on long side

So seeing huge increase of OI on 7500 PE of close to 17 lakh it can be inferred that the longs said above are mainly in the strike of 7500 PE to 7300 PE which totals to 30 lakh increase in OI of Long PEs

Conclusion : Don't expect a rally that soon. Bears Have a long way to go Just sell on rise towards 7700 and above