FII sold 31.4 K contract of Index Future worth 2727 cores, Net OI has decreased by 14.6 K contract 23 K Long contract were covered by FII and 8.4 K Shorts were added by FII. Net FII Long Short ratio at 1.33 so FII used rise to enter long and exit short in Index Futures.
As discussed in Last Analysis Nifty is up 918 points in 4 tradign sessions and with Uranus JUpiter and Mars forming aspects as seen in below video we should see volatality coming back, Astro moves can get delayed by 1 days due to planneatry positions but what has to happen will happen. Traders who want to go Short need to wait for close below 17261 which is gann Annual Trend Change level. For Swing traders bulls need a move above 17344 for a move towards 17409/17474/17540 .Bears will get active below 17261 for a move towards 17213/17148/17083. Moon Declination tommorow first 15 mins high and low will guide for the day. Low made was 17215 below 17261 and Till 17200-17215 is held bulls are in control we have seen voaltile move today as per astro, For Swing traders bulls need a move above 17344 for a move towards 17409/17474/17540 .Bears will get active below 17261 for a move towards 17213/17148/17083
Intraday time for reversal can be at 9:37/10:46/12:34/1:22/2:37 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17200 PCR at 1.02 PCR below 0.87 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Nifty Aug Future Open Interest Volume is at 1.03 Cores with liquidation of 2.4 Lakh with increase in cost of carry suggesting Long positions were clsoed today.
Nifty rollover cost @ 16670 and Rollover @67.7 % Closed above the rollover level suggesting bias is Bullish
Maximum Call open interest of 32 lakh contracts was seen at 17400 strike, which will act as a crucial resistance level and Maximum PUT open interest of 51 lakh contracts was seen at 17000 strike, which will act as a crucial Support level. There is total OI of10.2 Cr on the Call side and 11.2 Cr on the Put side. So, the activity is more on PUT side indicating Option Writers are having BULLISH Bias.
Jupiter Retrograde will end of 23 Novemeber so High 16947 and Low of 16746 will be valid till 23 November, Break of ANy side will lead to minimum 555 points move.
FII’s bought 825 cores and DII’s bought 117 cores in cash segment.INR closed at 78.50
Retailers have bought 314 K CE contracts and 260 K CE contracts were shorted by them on Put Side Retailers bought 74.5 K PE contracts and 166 K PE shorted contracts were added by them suggesting having BULLISH outlook,On Flip Side FII bought 3.2 K CE contracts and 7.1 K CE were shorted by them, On Put side FII’s bought 46.3 K PE and 14 K PE were shorted by them suggesting they have a turned to neutral Bias.
#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 !! — 17162 done today now waiting for 17559