FII bought 10.7 K contract of Index Future worth 890 cores, Net OI has increased by 14.6 K contract 12.6 K Long contract were added by FII and 1.9 K Shorts were added by FII. Net FII Long Short ratio at 1.35 so FII used fall to enter long and enter short in Index Futures.
As disussed in Last Analysis Tommrow we have 3 important aspect which will lead to more volatlity in the market and we have taken exact resistance at 45 Degree Gann angle as shown in below chart.
Moon Opposition Jupiter Jupiter 60 Uranus — 2 Outer Plannet making aspect will have good bearing on market. Mercury Square Saturn HELIO
Swing Shorts below 17226 can see fall towards 17160/17093/17027. Long above 17358 can see rally back to 17424/17490/17576. Nifty opened with gap up and did 1 target on upside and did not break 17226. Now today we have very important gann emblem date 18 Feb and also near gann angle resistance suggesting potential Price time squaring, we have Sun Ingress today as Both Astro and Gann date are meeting suggesting we can see a potential reversal in market. Watch for first 15 mins High and Low and take trade accordingly. Swing Shorts below 17226 can see fall towards 17160/17093/17027. Long above 17310 can see rally back to 17360/17442.
Intraday time for reversal can be at 10:01/11:04/12:05/1:36/2:16 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17400 PCR at 0.99, Rollover cost @17295 closed below it.
Nifty Feb Future Open Interest Volume is at 1.04 Cores with addition of 2.5 Lakh with decrease in cost of carry suggesting LONG positions were added today.
There is total OI of 4.2 Cores on the Call side and 5.2 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are in BULLISH zone.
F&O Traders last 3 days have been draining and hectic day and need to be mentally strong to book loss and take new position and make profit out of it. Trading is taxing do lot of physical excercise to get rid of frustration of trading day.
When both Astro and Gann date combine its lead to big trending move on one side so be cautious in your trading positions.
FII’s sold 1242 cores and DII’s bought 901 cores in cash segment.INR closed at 75.10
For Positional Traders Stay long till we are holding Trend Change Level 13736 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 17339 will act as a Intraday Trend Change Level.