FII sold 2.9 K contract of Index Future worth 252 cores, Net OI has increased by 7.7 K contract 2.4 K Long contract were added by FII and 5.3 K Shorts were added by FII. Net FII Long Short ratio at 0.89 so FII used fall to enter long and enter short in Index Futures. Today fall was backed by Equity Selling rather than just a Derviate fall.
As disussed in Last Analysis 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 Overnight 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. We got the big fall today and we are back to 200 DMA Support as discussed in below video We have 2 Important Bayers Date and 2 Aspect with North Node suggesting again we will see voaltile move. We have also closed below Jan low of 16836.
Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.
Swing Shorts below 16838 can see fall towards 16772/16707/16640. Long above 16967 can see rally back to 17034/17099.
Intraday time for reversal can be at 10:02/11:03/12:15/1:45/2:27 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17000 PCR at 0.97, Rollover cost @17295 closed below it. We are in range bound move from 17800-17000. Break of this range can lead to big move.We have broken 17000 till we are not above 17000-17030 fall can get extended towards 16730/16555/16410
Nifty Feb Future Open Interest Volume is at 0.94 Cores with addition of 2.9 Lakh with increase in cost of carry suggesting SHORT positions were added today.
There is total OI of 8.52 Cores on the Call side and 3.96 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.
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. — Done and 16879 should be watched closely now as its another point where we had high rollover.
Retailers have bought 978 K CE contracts and 764 K CE contracts were shorted by them on Put Side Retailers bought 59.7 K PE contracts and 40 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 53 K CE contracts and 55 K CE were shorted by them, On Put side FII’s bought 19 K PE and 17.9 K PE were shorted by them suggesting they are still having to BEARISH Bias
FII’s sold 4253 cores and DII’s bought 2170 cores in cash segment.INR closed at 75.70
For Positional Traders Stay long till we are holding Trend Change Level 17166 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 16967 will act as a Intraday Trend Change Level.