Sun Conjunct Mercury Nifty Analysis

By | July 14, 2022 8:23 pm

FII bought  7.1 K  contract of Index Future worth 601 cores, Net OI has increased by 648 contract 3.2 K Long contract were covered by FII and 3.9 K Shorts were added by FII. Net FII Long Short ratio at 0.20 so FII used fall to exit long and enter  short in Index Futures.

As Discussed in Last Analysis  Nifty Bulls opened with gap up but unable to close above 16157, Bears below 15988 now waiting for 15929/15866 till we are below 15988. Today again we will see gap down open .Bulls need to close above 16202 now waiting for target of 16084/16147. All Bearish target done below 15988. Weekend we have Double Ingress so aviod carrying overnight positions. 15-18 July are Astro Heavy dates suggesting we can see some positive coming from both Stock and Currency Markets. Bears below 15892 now waiting for 15829/15765.Bulls need to close above 15956 now waiting for target of 16020/16084/16147. For Intraday traders watch for first 15 mins High and Low to take the trades. 

Intraday time for reversal can be at 9:15/10:47/11:33/12:47/1:51/2:35  How to Find and Trade Intraday Reversal Times

MAX Pain is at 15950 PCR at 0.92  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 1.22 Cores with addition of 4.5 Lakh with decrease 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 34 lakh contracts was seen at 16000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 24 lakh contracts was seen at 15800  strike, which will act as a crucial Support level. There is total OI of 10.2 Cr on the Call side and 8.2 Cr on the Put side. So, the activity is more on CALL side indicating Option Writers are having BEARISH Bias.

FII’s bought 309 cores and DII’s sold 556 cores in cash segment.INR closed at 78

Above 16108 rally towards 16573 as per Musical Octave. Failed to close above 16108 heading towards 15780/15642 till below 16108.

We as a human programmed not to accept our defeat, that is the core our our evolution we are able to survive because of this mental coding. You might have seen so many people coming back to market after loosing everything in market. So due to this it is very hard for us to accept that we lost in a trade. So we keep on waiting for trade to return in our favour.

For Positional Traders Stay long till we are holding Trend Change Level 15963 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 15970 will act as a Intraday Trend Change Level.


Buy Above 15950 Tgt 15975, 16000 and 16051 (Nifty Spot Levels)

Sell Below 15900 Tgt 15875, 15840 and 15810 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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