FII sold 9.9 K contract of Index Future worth 761 cores, Net OI has increased by 10 K contract 34 Long contract were added by FII and 10 K Shorts were covered by FII. Net FII Long Short ratio at 0.26 so FII used fall to enter long and enter short in Index Futures.
As Discussed in Last Analysis Nifty did low of 15419 and once above 15430 did all target on upside and we saw the impact of Astro Date as discussed in below video. For Swing traders Bulls need to move above 15730 for a move towards 15792/15854/15916. Bears will get active below 15606 for a move towards 15544/15481/15419. We opened gap down no levels got triggred We have Venus Ingress today which leads to turning point in the market as discussed in below video. For Swing traders Bulls need to move above 15510 for a move towards 15572/15634/15696. Bears will get active below 15378 for a move towards 15315/15253.
Intraday time for reversal can be at 9:45/11:04/12:35/1:30/2:32 How to Find and Trade Intraday Reversal Times
MAX Pain is at 15450 PCR at 0.9 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 1.09 Cores with addition of 12.1 Lakh with increase in cost of carry suggesting Long positions were added today.
Maximum Call open interest of 78 lakh contracts was seen at 15500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 47 lakh contracts was seen at 15400 strike, which will act as a crucial Support level
FII’s sold 2920 cores and DII’s bought 1859 cores in cash segment.INR closed at 78.41
Retailers have bought 704 K CE contracts and 603 K CE contracts were shorted by them on Put Side Retailers sold 100 K PE contracts and 24.7 K PE shorted contracts were added by them suggesting having Bulish outlook,On Flip Side FII bought 84.5 K CE contracts and 51 K CE were shorted by them, On Put side FII’s bought 62 K PE and 33 K PE were shorted by them suggesting they have a turned to Bullish Bias.
As per Musical Octave Above 15642 Rally towards 16108
For Positional Traders Stay long till we are holding Trend Change Level 15443 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 15447 will act as a Intraday Trend Change Level.