Moon Opposition Saturn Leads to Big Fall in Nifty

• FII sold 11.7 K contract of Index Future worth 1129 cores, Net OI has increased by 19.2 K contract 15.2 K Long contract were covered by FII and 26.5 K Shorts were covered by FII. Net FII Long Short ratio at 1.15 so FII used FALL to EXIT longs and EXIT shorts.

• As discussed in Last Analysis    It will be exciting day today as Moon Opposition Saturn today and its very important short term cycle so watch out for first 15 mins High and low it will decide the trend for the day. Bulls need a close above 18256 today for a move towards 18312/18377/18440. Bears will get active below 18206 for a move towards 18139/18072. All Bearish target done and we had the 350 points drop in Nifty and trend of the day was decided by 15 mins High and low as discussed. Bulls need to move above 17922 for move towards 17989/18056. As we have weekly monthly close tommrow so last 1 hour we are see NAV adjustment buying. Bears will get active below 17788 for a move towards 17788/17721/17665.

• Intraday time for reversal can be at 9:34/10:12/11:16/12:07/1:42/2:22  How to Find and Trade Intraday Reversal Times

• MAX Pain is at 18000 PCR at 0.77 . Rollover @ 18190 and Rollover  is at 77%

• Nifty Dec Future Open Interest Volume is at 1.04 Cores with addition of 26.4 Lakh with increase in cost of carry suggesting SHORT positions were added today.

• There is total OI of 5.5 Cores on the Call side and 3.5 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are still  in Bearish zone.

• The Option Table data indicates decent support at 17800 and reasonable resistance at 18000.

• 27-28 are always dates where we see big move in market, 28-10-2002,  28-10-2005 we made major bottom, 27-10-2008 Major Bottom, 29-10-2005 Major Bottom 31-10-2010/31-10-2011 again major High and low 30-10-2020 so this is simple gann technique to find major dates. Even Astro Date Prediction had 28 Oct as important date As Gann used to say History Repeat by itself.

• FII’s sold 3818 cores and DII’s bought 836 cores in cash segment.INR closed at 75.15

• It has been bears day out. A red trend day with 350 points fall in nifty highest in last 6 months, Remember trading is a game played on perceptions which can change very quickly. Low of last week was 18034 closing below it we will see 1 lower low on Weekly chart from April Month or can bulls rally back 200 points tommrow to close above 18034.

• For Positional Traders Stay long till we are holding Trend Change Level 18024 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 18024 will act as a Intraday Trend Change Level.

Buy Above 17909 Tgt 17949, 17995 and 18050 (Nifty Spot Levels)

Sell Below  17795 Tgt 17765, 17729 and 17701 (Nifty Spot Levels)

As always I wish you maximum health and trading success