Nifty Analysis ahead of FOMC Decision

FII sold 4.3 K contract of Index Future worth 342 cores, Net OI has increased by 1 K contract 1.6 K Long contract were covered by FII and 2.7 K Shorts were added by FII. Net FII Long Short ratio at 0.12 so FII used rise to exit long and enter short in Index Futures.

As discussed in Last Analysis Price is back to gann angle support zone and we have important astro events Full Moon, Mercury Ingress and Moon at Perigess happening today and tommrow as disussed in below video. For Swing traders Bulls need to move above 15746 for a move towards 15809/15871/15934. Bears will get active below 15683 for a move towards15571/15508/15445. Bulls were able to do 1 target on upside and we have formed double bottom and we saw good reversal based on our Astro dates as we will get FOMC decision so carrry expiry positions in Options with Hedge. For Swing traders Bulls need to move above 15784 for a move towards 15847/15909/15972. Bears will get active below 15669 for a move towards 15606/15543/15480

Intraday time for reversal can be at 10:37/11:01/12:50/1:23/2:11 How to Find and Trade Intraday Reversal Times

MAX Pain is at 15800 PCR at 0.74 PCR below 0.89 and above 1.3 lead to trending moves, and in between leads to range bound markets.Nifty rollover cost @ 16139and Rollover @69.6 %.

Nifty May Future Open Interest Volume is at 1.07 Cores with liquidation of 2.4 Lakh with increase in cost of carry suggesting SHort positions were closed today.

Maximum Call open interest of 18 lakh contracts was seen at 15900 strike, which will act as a crucial resistance level and Maximum PUT open interest of 21 lakh contracts was seen at 15500 strike, which will act as a crucial Support level

FII’s sold 4502 cores and DII’s bought 3807 cores in cash segment.INR closed at 78.10

#NIFTY50 IS READY FOR another 453 points move .. Holding 15684 rise towards 16137 Break of 15684 fall towards 15231. Able to Hold 15684.

Retailers have bought 255 K CE contracts and 206 K CE contracts were shorted by them on Put Side Retailers bought 9.7 K PE contracts and 24.7 K PE shorted contracts were added by them suggesting having BULLISH outlook,On Flip Side FII bought 9.7 K CE contracts and 24.7 K CE were shorted by them, On Put side FII’s bought 36.4 K PE and 371 K PE were shorted by them suggesting they have a turned to neutral Bias.

After a Trading Loss Whatever the cause, the best solution is just to move on to the next trade with a clear mind and in good spirits.

For Positional Traders Stay long till we are holding Trend Change Level 16351 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 15767 will act as a Intraday Trend Change Level.