FII bought 26.9 K contract of Index Future worth 2147 cores, Net OI has increased by 2.4 K contract 14 K Long contract were addded by FII and 12 K Shorts were covered by FII. Net FII Long Short ratio at 0.27 so FII used fall to enter long and exit short in Index Futures.
As Discussed in Last Analysis NIfty has been consolidating in last 2 session with High Intensity Astro Date involving Sun and Moon on 21 we can see big move in Nifty in next 2 trading sessions.For Swing traders Bulls need to move above 15430 for a move towards 15491/15555/15614/15676. Bears will get active below 15276 for a move towards 15214/15152/15090/15028. 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
Intraday time for reversal can be at 9:35/10:22/11:03/1:06/1:41/2:05 How to Find and Trade Intraday Reversal Times
MAX Pain is at 15600 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 0.97 Cores with liquidation of 4.2 Lakh with increase in cost of carry suggesting Short positions were closed today.
Maximum Call open interest of 18 lakh contracts was seen at 15700 strike, which will act as a crucial resistance level and Maximum PUT open interest of 31 lakh contracts was seen at 15400 strike, which will act as a crucial Support level
FII’s sold 2701 cores and DII’s bought 3066 cores in cash segment.INR closed at 78.16
Retailers have sold 155 K CE contracts and 145 K CE contracts were shorted by them on Put Side Retailers bought 694 K PE contracts and 524 K PE shorted contracts were added by them suggesting having Bearish outlook,On Flip Side FII sold 17.2 K CE contracts and 39 K CE were shorted by them, On Put side FII’s bought 6.1 K PE and 2.1 K PE were shorted by them suggesting they have a turned to Bullish Bias.
As per Musical Octave 15430 Nifty can rally towards 15642 . Bears below 15203 will have upper hand. 15642 done Now Above 15642 Rally towards 16108
For Positional Traders Stay long till we are holding Trend Change Level 15502 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 15600 will act as a Intraday Trend Change Level.