FII sold 11.5 K contract of Index Future worth 986 cores, Net OI has increased by 3 K contract 4.2 K Long contract were covered by FII and 7.2 K Shorts were added by FII. Net FII Long Short ratio at 0.69 so FII used fall to exit long and enter short in Index Futures.
We have formed a perfect DOJI near gann angle and gann time cycle date as shown in below video. Tommrow will be very crucial and can see some good move in Nifty.For Swing traders bulls nned a move above 16676 for a move towards 16740/16804/16869.Bears will get active below 16548 for a move towards 16483/16412
Intraday time for reversal can be at 9:47/10:46/12:47/1:23/2:07 How to Find and Trade Intraday Reversal Times
MAX Pain is at 16600 PCR at 0.9 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 0.79 Cores with liquidation of 10.2 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
Retailers have bought 650 K CE contracts and 506 K CE contracts were shorted by them on Put Side Retailers bought 211 K PE contracts and 309 K PE shorted contracts were added by them suggesting having BULLISH outlook,On Flip Side FII bought 563 CE contracts and 39.9 K CE were shorted by them, On Put side FII’s bought 37.6 K PE and 15.6 K PE were shorted by them suggesting they have a turned to neutral Bias.
Maximum Call open interest of 65 lakh contracts was seen at 16800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 62 lakh contracts was seen at 16500 strike, which will act as a crucial Support level. There is total OI of 13.2 Cr on the Call side and 23.2 Cr on the Put side. So, the activity is more on PUT side indicating Option Writers are having BULLISH Bias.
FII’s sold 844 cores and DII’s sold 72 cores in cash segment.INR closed at 77.81
#NIFTY50 READY for another 500 points move in next 4 trading session as per musical octave 16108-16573-17066 take the side and ride the move !!