FII sold 16 K contract of Index Future worth 1364 cores, Net OI has increased by 18.8 K contract 1.4 K Long contract were added by FII and 17.4 K Shorts were added by FII. Net FII Long Short ratio at 1.19 so FII used fall to enter long and enter short in Index Futures.
As discussed in Last Analysis 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. Again a gap down open and intraday recovery tommrow we have 2 important Astro event Moon at Descending Node and Venus at Extreme Declination suggesting note down first 15 mins High and Low and take trade accordingly. We are back to magic 1×1 Gann line as discused in below video, For Swing Traders Long above 17133 for a move towards 17198/17263/17328. Bears will get active below 17069 for a move towards 17004/16939.
Intraday time for reversal can be at 9:52/10:36/11:30/1:20/1:57/2:45 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17100 PCR at 0.85 , 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.
The Option Table data indicates decent support at 17000 and reasonable resistance at 17200. There is total OI of 8.46 Cores on the Call side and 6.93 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are in BEARISH zone.
The critical quality needed to make money in this kind of market, where trends will flip on no notice is: Extreme flexibility Be prepared to flip your positions and trades with market flavour.It is always the minority which wins in the markets. So, be open for possibilities.
Retailers have bought 333 K CE contracts and 310 K CE contracts were shorted by them on Put Side Retailers bought 115 K PE contracts and 131 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 36 K CE contracts and 31 K CE were shorted by them, On Put side FII’s bought 48 K PE and 19.4 K PE were shorted by them suggesting they are still having to BEARISH Bias
FII’s sold 3245 cores and DII’s bought 4108 cores in cash segment.INR closed at 75.03
For Positional Traders Stay long till we are holding Trend Change Level 17098 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 16977 will act as a Intraday Trend Change Level.