FII bought 20.9 K contract of Index Future worth 1738 cores, Net OI has decreased by 2 K contract 9.4 K Long contract were added by FII and 11.5 K Shorts were covered by FII. Net FII Long Short ratio at 0.29 so FII used fall to enter long and exit short in Index Futures.
As Discussed in Last Analysis 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. Moon Declination helped in capturing the perfect move and we will do all target on upside with gap up OPen. Bayers Rule and Double Ingress helped in capturing the perfect move. For Swing traders Bulls need to move above 16115 for a move towards 16178/16240/16303. Bears will get active below 16052 for a move towards 15989/15926/15863.
Intraday time for reversal can be at 9:44/10:37/11:24/12:51/1:20/2:12 How to Find and Trade Intraday Reversal Times
MAX Pain is at 15950 PCR at 0.97 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 1.24 Cores with addition of 1.3 Lakh with increase in cost of carry suggesting Long positions were added today.
Nifty rollover cost @ 15801 and Rollover @66.1 % Closed above the rollover level suggesting bias is Bullish
Maximum Call open interest of 84 lakh contracts was seen at 16200 strike, which will act as a crucial resistance level and Maximum PUT open interest of 84 lakh contracts was seen at 16000 strike, which will act as a crucial Support level. There is total OI of 8.2 Cr on the Call side and 9.2 Cr on the Put side. So, the activity is more on PUT side indicating Option Writers are having BULLISH Bias.
FII’s sold 330 cores and DII’s bought 1464 cores in cash segment.INR closed at 79.19
Retailers have sold 229 K CE contracts and 21.7 K CE Shorts contracts were covered by them on Put Side Retailers bought 121 K PE contracts and 891 K PE shorted contracts were added by them suggesting having BEARISH outlook,On Flip Side FII bought 26.7 K CE contracts and 4.1 K CE were shorted by them, On Put side FII’s bought 42.2 K PE and 80 K PE were shorted by them suggesting they have a turned to Bullish Bias.
As per Musical Octave Above 15642 Rally towards 16108
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For Positional Traders Stay long till we are holding Trend Change Level 15799and 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 15908 will act as a Intraday Trend Change Level.