FII bought 11.7 K contract of Index Future worth 1082 cores, Net OI has decreased by 7.6 K contract 9 K Long contract were added by FII and 9.7 Shorts were covered by FII. Net FII Long Short ratio at 1.53so FII used rise to enter long and enter short in Index Futures.
As Discussed in Last Analysis We will open gap up tommrow as Bayers Rules worked perfectly. Any close above 17507 can lead to rally towards 17576/17666. Bears will have chance below 17405 for a move towards 17323/17275.
It was a day of whipsaw after gap up open as Bulls got whipsawed above 17507, We have closed near17507 as show in below chart. Plan remains the same, Any close above 17507 can lead to rally towards 17576/17666. Bears will have chance below 17405 for a move towards 17323/17275.
Intraday time for reversal can be at 9:28/11:31/12:03/1:57/2:47 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17400 PCR at 1.01, 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 0.61 Cores with liquidation of 18 Lakh with increase in cost of carry suggesting LONG positions were closed today.
The option table data indicates decent support at 17300 and reasonable resistance at 17600.
The Option Table data indicates decent support at 17400 and reasonable resistance at 17600. There is total OI of 8.66 Cores on the Call side and 7.85 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are in BULLISH zone.
Retailers have sold 36 K CE contracts and 43.3 K CE contracts were shorted by them on Put Side Retailers bought 369 K PE contracts and 312 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 46.9 K CE contracts and 19.6 K CE were shorted by them, On Put side FII’s bought 29.2 K PE and 39.1 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 We are up 500 points from Monday low.
FII’s bought 1357 cores and DII’s bought 1216 cores in cash segment.INR closed at 75.98
Never risk a large chunk of your capital on a single trade; Always know what the worst possible outcome is. The Opposite of above most of traders do and bust their trading account.
For Positional Traders Stay long till we are holding Trend Change Level 17281 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 17489 will act as a Intraday Trend Change Level.