FII bought 11.1 K contract of Index Future worth 922 cores, Net OI has decreased by 4.9 K contract 3 K Long contract were added by FII and 8 K Shorts were covered by FII. Net FII Long Short ratio at 0.19 so FII used fall to enter long and exit short in Index Futures.
As Discussed in Last Analysis Bulls need to move above 15912 for a move towards 15974/16037/16099. Bears need to move below 15781 for a move towards 15729/15661. As discussed in below video Mard and Mercury were changing sign, Mars always creaate voaltlity in market and we have seen it yesterday. Today we have Moon Declination so watch for 15 mins high and low to know the trend of the day. Bulls need to move above 15852 for a move towards 15900/15974/16037/16099. Bears need to move below 15781 for a move towards 15729/15661/15610.
Intraday time for reversal can be at 9:15/10:24/11:58/12:22/1:20/1:52/2:16 How to Find and Trade Intraday Reversal Times
MAX Pain is at 15800 PCR at 0.87 PCR below 0.87 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Nifty July Future Open Interest Volume is at 1.23 Cores with addition of 2.4 Lakh with increase in cost of carry suggesting Long positions were added today.
Nifty rollover cost @ 15801 and Rollover @66.1 % Closed below the rollover level suggesting bias is bearish but any 15 mins close above 15801 can change the trend.
Maximum Call open interest of 68 lakh contracts was seen at 15900 strike, which will act as a crucial resistance level and Maximum PUT open interest of 51 lakh contracts was seen at 15700 strike, which will act as a crucial Support level. There is total OI of 8.2 Cr on the Call side and 7.2 Cr on the Put side. So, the activity is more on CALL side indicating Option Writers are having BEARISH Bias.
FII’s bought 1295 cores and DII’s sold 257 cores in cash segment.INR closed at 79.50
Retailers have bought 438 K CE contracts and 150 K CE contracts were shorted by them on Put Side Retailers bought 217 K PE contracts and 156 K PE shorted contracts were added by them suggesting having BEARISH outlook,On Flip Side FII bought 35.8 K CE contracts and 58.8 K CE were shorted by them, On Put side FII’s bought 42.5 K PE and 29.7 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 15772 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 15894 will act as a Intraday Trend Change Level.