Mars Opposition Rahu Aspect crashes Nifty

FII sold 5.3 K contract of Index Future worth 470 cores, Net OI has increased by 1.5 K contract 1.8 K Long contract were covered by FII and 3.4 K Shorts were added by FII. Net FII Long Short ratio at 1.34 so FII used FALL to EXIT longs and ENTER Shorts.

As Discussed in Last Analys Nifty opened with gap up and once below 17225 failed tp do any target on downside so we got whipsaw and we have formed an Outside bar pattern which is strong reversal pattern. Now Bulls need to move above 17323 for a move towards 17381/17447/17512. Bears below 17174 for a move towards 17108/17049/16983. All target done on downside and tommrow we are near 166 days for 29 Jan Bottom and we have important astro event happening on Weekend , 1. RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees 0, 3*21,6*42, and 7*0’” 2. Venus Retrograde 3. Chiron Ingres 4. Full Moon 5. Moon at Apogee so time to be cautious on short as 5 Astro event happening can lead to strong reversal once price confirmation happens. Bulls need to move above 17035 for a move towards 17083/17132/17200. Bears below 16969 for a move towards 16903/16837/16772.

Intraday time for reversal can be at 9:15/10:54/12:12/1:06/2:34 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17100 PCR at 0.9, Nifty Rollover cost @ 17538 closed below it

Nifty Dec Future Open Interest Volume is at 1.09 Cores with addition of 0.98 Lakh with decrease in cost of carry suggesting LONG positions were closed today.

There is total OI of 7.15 Cores on the Call side and 3.34 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.

High made today was 17298 once 17192 which was low of Mars Opposition North Node 15-Dec and we saw the big fall. Market give us oppurtunity to enter and gave the target. This is how Astro helps in catching big move.

The Option Table data indicates decent support at 16900 and reasonable resistance at 17300.

FII’s sold 2069 cores and DII’s bought 1478 cores in cash segment.INR closed at 76.10

Retailers have bought 102 K CE contracts and 910 K CE contracts were shorted by them on Put Side Retailers bought 267 K PE contracts and 300 K PE contracts were shorted by them suggesting having BULLSIH outlook,On Flip Side FII bought 78 K CE contracts and 121 K CE were shorted by them, On Put side FII’s bought 104 K PE and 114 K shorted PE were covered by them suggesting they have a turned to NEUTRAL Bias.

Do not let the extreme volatility fool you. This market is going nowhere – and is completely directionless. Institutions are making good money by writing options on both sides. To illustrate the point – NF closed @ 17033 on 30th Nov. After 15 days of trading, today NF has closed at 17023 . A mega fall of 10 points.It looks more like a time correction if you look at big picture.

For Positional Traders Stay long till we are holding Trend Change Level 17302 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 17093 will act as a Intraday Trend Change Level.

Buy Above 17035 Tgt 17083, 17132 and 17166 (Nifty Spot Levels)