FII sold 2.2 K contract of Index Future worth 205, Net OI has decreased by 13.8 K contract 8 K Long contract were covered by FII and 5.7 K Shorts were covered by FII. Net FII Long Short ratio at 1.79 so FII used FALL to EXIT Longs and EXIT Shorts.
As discussed in last analysis 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. High made was 18350 so 1 target on upside done and once 18198 gone low made was 18086 and our final target was 18083 so all target done and we saw impact of Uranus Plannet. I have explained in below video about Uranus impact on long term cycle of market. Today we have Sun Ingress and George Bayer Rule 27 becoming active. Bulls need to move above 18153 for a move towards 18220/18287/18354. Bears will get active below 18080 for a move towards 18012/17944/17876/17809. Also today is important gann date so gann and astro combined leads to explosive move.
MAX Pain is at 18250 PCR at 0.93 , Rollover cost @17280 closed above it.
Nifty Jan Future Open Interest Volume is at 0.97 Cores with liquidation of 4.4 Lakh with decrease in cost of carry suggesting LONG positions were closed today.
There is total OI of 7.21 Cores on the Call side and 4.22 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH 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 18300.
FII’s sold 1245 cores and DII’s sold 220 cores in cash segment.INR closed at 74.66
Retailers have bought 309 K CE contracts and 199 K CE contracts were shorted by them on Put Side Retailers sold 136 K PE contracts and 100 K shorted PE contracts were covered by them suggesting having BULLISH outlook,On Flip Side FII sold 21.7 K CE contracts and 29.4 K CE were shorted by them, On Put side FII’s bought 15.6 K PE and 25 K PE were shorted by them suggesting they have a turned to NEUTRAL Bias.
For Positional Traders Stay long till we are holding Trend Change Level 17924 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 18234 will act as a Intraday Trend Change Level.