FII sold 11.9 K contract of Index Future worth 1052 cores, Net OI has increased by 25K contract 6.3 K Long contract were covered by FII and 5 K Shorts were added by FII. Net FII Long Short ratio at 0.92 so FII used fall to exit long and enter short in Index Futures.
As disussed in Last Analysis Tommrow we have multiple astro events between inner and outer plannets Venus Trine Uranus HELIO and Mercury Trine North Node. North Node aka Rahu it leads to extreme volatility in the market so again we will see wild swings in the market. For Swing Traders Bears will get active below 17565 for a move towards 17500/17435. Bulls will get active above 17630 for a move towards 17687/17729/17800. North Node caused big fall but due to gap down unable to add positions, We have multiple astro events happening on Weekend Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule, Venus YOD Saturn HELIO, Venus Trine Uranus HELIO and Mercury at Extreme Declination both leads to big move. Looking at Ovrernight fall in US market we can see another gap down open,For Swing Traders Shorts below 17174 can see fall towards 17108/17026/16900. Long above 17241 can see rally back to 17307/17373.
Intraday time for reversal can be at 10:04/11:25/12:19/1:48/2:31 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17400 PCR at 0.99, Rollover cost @17295 closed above it. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets. We are in range bound move from 17800-17000. Break of this range can lead to big move.The Option Table data indicates decent support at 17000 and reasonable resistance at 17500.
Nifty Feb Future Open Interest Volume is at 0.91 Cores with addition of 0.10 Lakh with decrease in cost of carry suggesting SHORT positions were added today.
There is total OI of 5.22 Cores on the Call side and 4.17 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone. FII has bought options worth 1879 cr.
As per Gann,Bulls need to move above 17576-17593 for upmove towards 17828. Finally closed above this range. — Opened with gap down so got whipsawed. Now if we see close below 17026 can see fall towards 16730.
17095-17055 NF we saw huge addition in OI during rollover week. If 17055 break o NF we can see fall of 150-200 points.
Retailers have bought 744 K CE contracts and 679 K CE contracts were shorted by them on Put Side Retailers bought 316 K PE contracts and 415 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 51 K CE contracts and 76 K CE were shorted by them, On Put side FII’s bought 108 K PE and 52.4 K PE were shorted by them suggesting they have a turned to BEARISH Bias
FII’s bought 108 cores and DII’s sold 696 cores in cash segment.INR closed at 75.40
For Positional Traders Stay long till we are holding Trend Change Level 17422 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 17365 will act as a Intraday Trend Change Level.