FII bought 1.4 K contract of Index Future worth 133 cores, Net OI has increased by 2.7 K contract 2 K Long contract were added by FII and 670 Shorts were added by FII. Net FII Long Short ratio at 1.18 so FII used FALL to ENTER longs and ENTER shorts.
As Discussed in Last AnalysisAll Bearish target done, we have 3 important astro event happening Lunar Ecplise with Full Moon,Moon at Apogee and Sun Ingress happening and also we are at 144 days as shown in below chart suggesting we can see a bounce back in nifty above 17821 for a move towards 17888/17955/18022, Bears will have chance below 17729 for a move back to 17688/17610/17512. All Bearish target done as Astro showed its effect as discussed in below video and now today we have touched quaterly pivot of 17322, ANy close below it will lead to a fall towards 17035 by expiry. Also as we have 3 aspect today todays low will be very significant. Bulls need to move above 17460 for a move towards 17540/17610/17666. Bears will get active below 17322 for a move towards 17280/17225/17161.
MAX Pain is at 17600 PCR at 0.86 . Rollover @ 18190 unable to close above it.
Nifty Dec Future Open Interest Volume is at 0.90 Cores with liquidation of 8.4 Lakh with increase in cost of carry suggesting SHORT positions were closed today.
There is total OI of 5.5 Cores on the Call side and 4.3 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 17300 and reasonable resistance at 17600.
Retailers have bought 101 K CE contracts and 88 K CE contracts were shorted by them on Put Side Retailers bought 29 K PE contracts and 25 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 155 K CE contracts and 130 K CE were shorted by them, On Put side FII’s bought 81 K PE and 58 K PE was bought by them suggesting they have a turned to NEUTRAL Bias.
FII’s sold 3438 cores and DII’s bought 2051 cores in cash segment.INR closed at 74.44
It has been bears day out. A red trend day with 2 % fall in NF and BN.It was decent fall which caused maximum pain to maximum participants as most retail traders lose money by looking for a trending move in non-trending environments and staying out in trending environments.
FII’s have bought options worth 4437 cores so be ready for big moves trade with less quaity as moves will be big.
For Positional Traders Stay long till we are holding Trend Change Level 17657 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 17936 will act as a Intraday Trend Change Level.