FII sold 8.3 K contract of Index Future worth 686 cores, Net OI has increased by 18.3 K contract 4.9 K Long contract were added by FII and 13.8 K Shorts were added by FII. Net FII Long Short ratio at 0.29 so FII used fall to enter long and enter short in Index Futures.
As Discussed in Last Analysis 09 May we have 4 Aspect of Marcury with Saturn and Neptune suggesting again High Intensity date. For Swing Traders Bulls need to move above 16496 for a move towards 16563/16627/16682. Bears will get active below 16433 for a move towards 16369/16304/16239. Tommrow we have 2 Important Astro date Jupiter Ingress and Mercury Retrograde so we can see potential reversal in the market. For Swing Traders Bulls need to move above 16333 for a move towards 16396/16458/16523/16589. Bears will get active below 16269 for a move towards 316205/16142/16077.
Intraday time for reversal can be at 9:15/9:57/12:39/1:37/2:40 How to Find and Trade Intraday Reversal Times
MAX Pain is at 16400 PCR at 0.69 , Rollover cost @17121 closed below it and rollover @65.6 lowest in 3 months. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Nifty May Future Open Interest Volume is at 1.10 Cores with addition of 1.4 Lakh with increase in cost of carry suggesting LONG positions were added today.
The option table is undergoing a real transformation – with each day one CE level is targeted with huge volumes of writing and the strike is giving way to much lower strikes.
FII’s sold 3361 cores and DII’s bought 3077 cores in cash segment.INR closed at 77.55
Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees can it give respite to Bulls Monday if we move above 17518 we could have short term bottom. — Failed to close above 17518. Bayer Rule 1: The trend changes when Mercury changes its direction.Mercury goes in Retrograde.
Watch for 16499-16518 levels if we close below it fall can get extended towards 16250/16100. Closing above it rally towards 16898/16936. — 16142 done.
Retailers have bought 467 K CE contracts and 415 K CE contracts were shorted by them on Put Side Retailers bought 375 K PE contracts and360 307 K PE shorted contracts were added by them suggesting having BEARISH outlook,On Flip Side FII bought 47.8 K CE contracts and 17.6 K CE were shorted by them, On Put side FII’s bought 47 K PE and 31.3 K PE were shorted by them suggesting they have a turned to NEUTAL Bias.
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For Positional Traders Stay long till we are holding Trend Change Level 16844 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 16279 will act as a Intraday Trend Change Level.
bramesh ji unable to open todays stock advice its redirected to other site pls advise
sir its corrected
we have corrected it