FII sold 8.9 K contract of Index Future worth 827, Net OI has decreased by 2.8 K contract 5.8 K Long contract were covered by FII and 3 K Shorts were added by FII. Net FII Long Short ratio at 1.75 so FII used RISE to EXIT Longs and ENTER Shorts.
As discussed in last analysis We saw gap down and recovery as Mercury went retrograde but were unable to break 18290 on upside High made was 18287 Nifty should see trending move in next 2 trading session based on Mercury Retrograde. Bulls need to move above 18290 for rally to continue towards 18347/18414. Bears will get active below 18116 for a move towards 18053/17987. High made was 18321 and we closed above 18290, Till we are above 18290 rally to continue towards 18347/18414. Bears will get active below 18198 for a move towards 18140/18083. Till we do not make lower low aviod shorting the market.
MAX Pain is at 18250 PCR at 0.98 , Rollover cost @17280 closed above it.
Nifty Jan Future Open Interest Volume is at 1 Cores with addition of 0.9 Lakh with increase in cost of carry suggesting LONG positions were added today.
There is total OI of 5.25 Cores on the Call side and 5.77 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are in BULLISH zone.
On January 18, Uranus,moves direct in the sign of Taurus,ending a five-month retrograde period that began in 20 August 2021. Che In astrology, Uranus is the modern ruler of the most “out-there” also called “Planet of Rebellion”. As Uranus continues its movement through the sign of Taurus, it can bring sudden shifts and events that challenge our collective self-worth, values, and finances. This means: Change is coming.Uranus bring long term trend changes. Last Time Uranus went Retrograde on 20 Aug 2021 Check on Chart of Nifty what happened after 20 Aug 2021.
The Option Table data indicates decent support at 18000 and reasonable resistance at 18400.
FII’s sold 855 cores and DII’s sold 115 cores in cash segment.INR closed at 74.33
Retailers have bought 492 K CE contracts and 412 K CE contracts were shorted by them on Put Side Retailers bought 295 K PE contracts and 289 K PE contracts were shorted by them suggesting having NEUTRAL outlook,On Flip Side FII bought 571 CE contracts and 1.8 K shorted CE were covered by them, On Put side FII’s bought 6.6 K PE and 13.4 K shorted PE were covered by them suggesting they have a turned to BEARISH Bias.
For Positional Traders Stay long till we are holding Trend Change Level 17900 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 18309 will act as a Intraday Trend Change Level.