FII bought 15.8 K contract of Index Future worth 1263 cores, Net OI has decreased by 12.9 K contract 1.4 K Long contract were added by FII and 14.3 K Shorts were covered by FII. Net FII Long Short ratio at 0.34 so FII used fall to enter long and exit short in Index Futures.
As Discussed in Last Analysis 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. We are up 400 points once Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes high of 15852 thats how astro works .Bulls were able to close above 16115 now waiting for target of 16178/16240/16303. Bears will get active below 16098 for a move towards 16005/15954.
Intraday time for reversal can be at 9:15/10:39/11:20/12:51/1:46/2:22 How to Find and Trade Intraday Reversal Times
MAX Pain is at 16100 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 1.15 Cores with liqudidation of 9.5 Lakh with decrease in cost of carry suggesting Long positions were closed today.
Nifty rollover cost @ 15801 and Rollover @66.1 % Closed above the rollover level suggesting bias is Bullish
Maximum Call open interest of 24 lakh contracts was seen at 16300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 14 lakh contracts was seen at 16000 strike, which will act as a crucial Support level. There is total OI of 4.2 Cr on the Call side and5.2 Cr on the Put side. So, the activity is more on PUT side indicating Option Writers are having BULLISH Bias.
FII’s sold 925 cores and DII’s bought 980 cores in cash segment.INR closed at 79.28
Retail Traders Lose Money By Looking For A Trending Move In Non-trending Environments And Staying Out In Trending Environments.
As per Musical Octave Above 15642 Rally towards 16108. 16108 done now till we are holding 16108 rally towards 16573
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For Positional Traders Stay long till we are holding Trend Change Level 15851 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 16109 will act as a Intraday Trend Change Level.
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