- FII sold 7.1 K contract of Index Future worth 616, Net OI has increased by 2.3 K contract 2.4 K Long contract were covered by FII and 4.7 K Shorts were added by FII. Net FII Long Short ratio at 0.99 so FII used FALL to EXIT Longs and ENTER Shorts.
- As discussed in last analysis Now as we have Jupiter in oppsition with Moon suggesting we can see small trend reversal and relief rally. Bulls need a move above 17781 for a move towards 17847/17914/17980. Bears will have chance below 17714 for a move towards17648/17555. Bears got a chance as High made was 17704 near our shorting level of 17714 and all target done on downside. Now we will again see gap down open on Monday 17485-17496 is most important range to be watched . Bulls need a close above 17508 for a move towards 17574/17641. Bears below 17441 for a move towards 17374/17308/17241. 3 Bayer Rule will become active on 23 Jan so we can see possible trend reversal if 17496 is held.
- Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
- Bayer Rule 8: The moves on market (most of all ups) are when Venus goes over its Perihelium (Heliocentric).
- Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer
- Intraday time for reversal can be at 9:15/10:20/11:28/12:40/1:19/2:52 How to Find and Trade Intraday Reversal Times
- MAX Pain is at 17700 PCR at 092 , Rollover cost @17280 closed above it.
- Nifty Jan Future Open Interest Volume is at 0.83 Cores with liquidation of 2.5 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.
- There is total OI of 8.3 Cores on the Call side and 5.81 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.
- Equity buying/selling is delayed cycle to the FnO cycle. First FII take Short positions in FnO – Then they will start Selling equities to induce a fall – and then they will start liquidating the FnO longs. So, in general a very high equity volumes generally indicates the end of current cycle and a run to the opposite is about to begin. For example, on 20th Dec , there has been 3565 crore equity sell off by FII. That was the end of short term bear cycle. The FII booked profits in FnO by inducing huge sell off with equity sell. Today huge Selling in equity is similar? Tommrow action will reveal.
- Retailers have bought 514 K CE contracts and 517 K CE contracts were shorted by them on Put Side Retailers bought 315 K PE contracts and 325 K PE contracts were shorted by them suggesting having NEUTRAL outlook,On Flip Side FII bought 46.5 K CE contracts and 39.4 K CE were shorted by them, On Put side FII’s bought 55.1 K PE and 53.4 K PE were shorted by them suggesting they have a turned to NEUTRAL Bias
- The Option Table data indicates decent support at 17400 and reasonable resistance at 17800.It’s is very interesting to note that FII bought worth 7083 core options than what they sold, That is another indication for me that a directional move is round the corner.
- FII’s sold 3148 cores and DII’s bought 269 cores in cash segment.INR closed at 74.45
- For Positional Traders Stay long till we are holding Trend Change Level 17905 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 17618 will act as a Intraday Trend Change Level.