Mercury Ingress Impact on Nifty

• FII sold 2.4 K contract of Index Future worth 287  cores, Net OI has decreased by 5.8 K contract 4.1 K Long contract were covered by FII and 1.7 K  Shorts were covered by FII. Net FII Long Short ratio at 1.09 so FII used fall to exit longs and exit shorts.

• Nifty has been in a rangebound move from 14150-15000 and we are back to gann angle support zone today being Mercury Ingress suggesting another big move will be seen in next 2 trading sessions. Bulls need to move above 14530 for q quick move towards 14590/14666/14729. Bears will get active below 14444 for a quick move towards 14397/14353/14285/14222. 

• Intraday time for reversal can be at 9:19/10:55/12:19/1:08/2:03 How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 37.2 Lakh core with total contract traded 1.52 lakh , PCR @0.89

• Nifty April  Future Open Interest Volume is at 1.09 Cores with addition of 4.7 Lakh with decrease in cost of carry suggesting SHORT position were added , NF Rollover cost @14703 closed below it. 

• 14500 CE is having Highest OI at 10.9 Lakh, resistance at 14500 followed by 14600. 14500-14700 CE added 12.3 Lakh in OI so bears added in range of 14400-14500. FII bought 20.8 K CE and 10.3  K CE were shorted by them. Retailers bought 220 K CE and 176 K CE were shorted by them.

• 14400 PE OI@20.7 Lakhs having the highest OI strong support at 14400 followed by 14300. 14100-14400 PE added 10.3  Lakh in OI so bulls addded position in range 14100-14200.FII bought 5.3 K PE and 1.9 K shorted PE were covered by them. Retailers bought 32.5 K PE and 53 K PE were shorted by them.

• FII’s sold 1772 cores and DII’s bought 987 cores in cash segment.INR closed at 74.25

• Nifty Futures Trend Deciding level is 14650 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 14629 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 14530 Tgt 14560,14592 and 14636 (Nifty Spot Levels)

Sell Below 14460 Tgt 14430, 14399 and 14354 (Nifty Spot Levels)