FII sold 6 K contract of Index Future worth 577 cores, Net OI has decreased by 2 K contract 4.1 K Long contract were covered by FII and 2 K Shorts were added by FII. Net FII Long Short ratio at 1.19 so FII used FALL to EXIT longs and ENTER shorts.
As Discussed in Last Analysis We opened with gap up but low made was 18071 so bears unable to breach 18070 and 15 mins Low got broken as seen in below video and we were able to capture a good one. Low made today was 17958 which is gann angle support combined with Astro Date Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn. so price and time have balanced ie. price time squaring which leads to price reveral, Holding 17950 we can see reversal above 18045 for a rally towards 18101/18160/18225. Bears will get active below 17925 for a move towards 17856/17753.
MAX Pain is at 18100 PCR at 0.93 . Rollover @ 18190 unable to close above it.
Nifty Dec Future Open Interest Volume is at 1 Cores with liquidqtion of 1.2 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.
There is total OI of 6.5 Cores on the Call side and 3.9 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.
The Option Table data indicates decent support at 18000 and reasonable resistance at 18300.
Considering the high OI accumulation at 18000 PE, there might be a visit there to see how they react. Their reaction more or less determines the weekly series outcome. Closed at 18000 today 🙂 Now Bulls will need to keep 18000 PE below 67 to induce rally
FII’s sold 560 cores and DII’s bought 577 cores in cash segment.INR closed at 74.45, Todays Fall was not backed by equity selling but looks like a fall to cut speculative bets and expiry of FINNIFTY.
Retailers have bought 343 K CE contracts and 254 K CE contracts were shorted by them on Put Side Retailers sold 56.9 K PE contracts and 20.5 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 7.7 K CE contracts and 44.1 K CE were shorted by them, On Put side FII’s bought 12.2 K PE and 2.5 K shorted PE were covered by them suggesting they have a turned to BEARISH Bias.
In Last 2 trading sessions FII’s have bought Options worth 5.3 K Cores and today Options OI have increased by 68 K contracts suggesting we should see good trending move in next 2 trading sessions. So we got big fall and today FII’s have booked Options worth 2K cores in Options.
For Positional Traders Stay long till we are holding Trend Change Level 17977 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 18061 will act as a Intraday Trend Change Level.