FII sold 2.6 K contract of Index Future worth 216 cores, Net OI has decreased by 2.9 K contract 2.7 K Long contract were covered by FII and 144 Shorts were covered by FII. Net FII Long Short ratio at 1.44 so FII used fall to exit long and exit  short in Index Futures.

Nifty has formed DOJI today with lot of volatility during intraday trading with Saturn will come back to the normal state on 22nd February 2022,Saturn’s return to its normal position may enable a person to scale heights and thereby attain stability. So Markets can also come out of this volatile 2 ways move and can give trending move for Option Buyers to make money. For Swing Traders Long above 17201 for a move towards 17266/17332/17397. Bears will get active below 17136 for a move towards 17070/16996/16900.

 

Intraday time for reversal can be at 9:53/10:46/11:51/1:24/2:01 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17300 PCR at 0.87 ,  Rollover cost @17295 closed below it. 

Nifty Feb Future Open Interest Volume is at 0.95 Cores with liquidation of 7.4 Lakh with decrease in cost of carry suggesting LONG positions were closed today.

There is total OI of 7.55 Cores on the Call side and 6.62 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

The Option Table data indicates decent support at 17100 and reasonable resistance at 17400.

Retailers have bought 342 K CE contracts and 295 K  CE contracts were shorted  by them on Put Side Retailers bought 319 K PE contracts and 302 K  PE  contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 3.4 K CE contracts and 1.7 K CE were shorted by them, On Put side FII’s bought 41.3 K PE and 34.4 K PE were shorted by them suggesting they are still having  to NEUTRAL Bias

FII’s sold  2262 cores and DII’s bought 2392 cores in cash segment.INR closed at 75.10

For Positional Traders Stay long till we are holding Trend Change Level 17353 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 17219 will act as a Intraday Trend Change Level.

  Buy Above 17201 Tgt 17225, 17260 and 17301 (Nifty Spot Levels)

Sell Below 17175 Tgt 17136, 17099 and 17056 (Nifty Spot Levels)

As always I wish you maximum health and trading success