FII sold 9.2 K contract of Index Future worth 829 cores, Net OI has increased by 1.4 K contract 3.8 K Long contract were covered by FII and 5.3 K Shorts were added by FII. Net FII Long Short ratio at 1.07 so FII used rise to exit long and enter short in Index Futures.
As discussed in Last Analysis Bears got whipsawed below 17261, Bulls were able to do 1 target on upside and now waiting for 17474/17540. Low made today was 17225 so bulls are holding range of 17200-17215. Bears will get active below 17341 for a move towards 17275/17209.Tommrow we have Mercury Ingress so first 15 mins High and Low can guide us for the day. 17474 done on upside and Bears were able to do all target on downside. We saw the impact of Mercury Ingress as discussed in below video and tommrow we will get outcome of RBI Policy. Today we have the Big Legged candel and todays high and low genreally becomes major trend change levels. Check 20 Dec 2021 and 21 Dec 2020 Candel and movement after wards. For Swing trades Bulls need to move above 17424 for move towards 17490/17576/17666. Bears will get active below 17292 for a move towards 17226/17160/17093.
Intraday time for reversal can be at 9:25/10:22/11:14/12:35/1:54/2:49 How to Find and Trade Intraday Reversal Times
MAX Pain is at 173200 PCR at 0.91 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 0.99 Cores with addition of 1.86 Lakh with increase in cost of carry suggesting Long positions were added today.
Nifty rollover cost @ 16670 and Rollover @67.7 % Closed above the rollover level suggesting bias is Bullish
RBI Monetary Policy: Repo rate set to jump back to pre-pandemic levels; MPC may hike rate by 50 bps. Statement will come by 10 AM. Trade after 11 AM to aviod voaltaltiy. During RBI meet market either goes jerk up or jerk down as soon as data comes do not take positions. Once the Jerk up and down effect is over taking position in Opposite direction of Jerk if days High or low is not broken quick 20-30 points can be made
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 1474 cores and DII’s sold 46 cores in cash segment.INR closed at 79.22
#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