FII bought 37 K contract of Index Future worth 3012 cores, Net OI has decreased by 2.6 K contract 17.1 K Long contract were added by FII and 19.8 K Shorts were covered by FII. Net FII Long Short ratio at 0.65 so FII used rise to enter long and exit short in Index Futures.
We have seen the impact of astro date and gann date combined with Nifty again rallying almost 400+ points as discussed in below video. Now for Swing Traders Longs above 16193 for a move towards 16256/16320/16383/16446. Bears will get active below 16130 for a move towards 16067/16003/15945.
Intraday time for reversal can be at 10:02/12:26/1:05/2:31 How to Find and Trade Intraday Reversal Times
MAX Pain is at 16200 PCR at 0.95 , 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 0.75 Cores with addition of 11.5 Lakh with increase in cost of carry suggesting LONG positions were closed today.
Maximum Call open interest of 40 lakh contracts was seen at 16400 strike, which will act as a crucial resistance level and Maximum PUT open interest of 34 lakh contracts was seen at 16000 strike, which will act as a crucial Support level
FII’s sold 1265 cores and DII’s bought 2148 cores in cash segment.INR closed at 77.80
Bayer Rule 22: The trend changes if retrograde Mercury passes over the Sun. Sun Conjuct Rx Mer will come in effect on 21 May and Uranus 15° HELIO very important Astro event as Uranus is Financial Plannet.
Retailers have bought 24.7 K CE contracts and 260 K CE contracts were shorted by them on Put Side Retailers bought 806 K PE contracts and 712 K PE shorted contracts were added by them suggesting having BEARISH outlook,On Flip Side FII bought 93.8 K CE contracts and 11.6 K CE were shorted by them, On Put side FII’s bought 50.7 K PE and 70.9 K PE were shorted by them suggesting they have a turned to neutral Bias.
The drivers at Formula 1, are taught a technique, when the car is skidding, out of control and about to crash… They are trained to not look at the crash barriers where they are heading, but focus on the track. Why is this so? Because when the race driver places his attention towards the race track, he will automatically be taking a split second decision and action to man oeuvre his car into the intended direction… This small psychological technique may be the difference between a crash or being back on the track or podium, or even life or death.Same applies to Trading,with every skill ,knowledge in place.Try to take good trades and not look at the P&L continuously.
For Positional Traders Stay long till we are holding Trend Change Level 16405 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 16151 will act as a Intraday Trend Change Level.