FII bought 15.3 K contract of Index Future worth 1353 cores, Net OI has decreased by 13.6 K contract 954 Long contract were added by FII and 14.4 K Shorts were covered by FII. Net FII Long Short ratio at 1.28 so FII used fall to enter long and exit short in Index Futures.
As Discussed in Last Analysis For Swing traders Bears need to move below 17112 for a move towards 17046/16980/16914. Bulls will get active above 17244 for a move towards 17310/17376/17442. Astro worked perfectly till Low of 17003 is held rally can extend towards 17405-17456. As shown below market is just trading in the range of 16998-17405. Breakout on close above 17506 ,Breakdown on close below 16862. For Swing traders Bears need to move below 17199 for a move towards 17134/17069/17003. Bulls will get active above 17329 for a move towards 17395/17460/17525
Intraday time for reversal can be at 9:29/10:27/11:37/12:23/1:07/2:19 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17150 PCR at 0.93, Rollover cost @16997 closed above it. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Nifty March Future Open Interest Volume is at 0.93 Cores with liquidation of 5.2 Lakh with increase in cost of carry suggesting LONG positions were closed today.
The option table data indicates decent support at 17200 and reasonable resistance at 17500.
Retailers have bought 274 K CE contracts and 246 K CE contracts were shorted by them on Put Side Retailers bought 397 K PE contracts and 302 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 17.1 K CE contracts and 10.5 K shorted CE were covered by them, On Put side FII’s bought 31.2 PE and 40 K PE were shorted by them suggesting they are still having BULLISH Bias
Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees and 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, Mercury moving in Aries and Mercury Conjunct Jupiter HELIO. These 4 Astro events are happening on 27 and 28 March suggesting it will be High Energy day and lead to big move in market. First 15 Mins High and Low on Monday will decide the trend for the whole week. — Worked Perfectly !!
FII’s sold 801 cores and DII’s bought 1161 cores in cash segment.INR closed at 76.35
Traders Do Not Fail In The Trading System – They Fail In Implementing It, They Fail In Themselves!
For Positional Traders Stay long till we are holding Trend Change Level 17231 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 17163 will act as a Intraday Trend Change Level.