NIFTY Heading in the Resistance zone of 17555-17576

By | August 9, 2022 8:01 pm

FII bought 1.6 K  contract of Index Future worth 137  cores, Net OI has increased by 10.8 K contract 6.2 K Long contract were added by FII and 4.5 K Shorts were added  by FII. Net FII Long Short ratio at 1.23 so FII used rise to enter long and enter short in Index Futures.

We are into relent less Buying  and 500 points up on NF in the week. In the last 5 trading days, FII have to add 6123  crore worth of equity buying to that – it shows that FII are adding money big time in the Indian Markets.Now we are near important zone of 17555-17576 which will again lead to 555 poits move in Nifty, For Swing Traders BUlls will get active above 17576 for a move towards 17623/17689/17755. Bears will get active below 17425 for a move towards 17359/17285/17222. We have SUN Square North Node aspect so we can see voaltile move in Nifty.


Intraday time for reversal can be at  9:15/09:52/11:31/12:22/1:04/2:04    How to Find and Trade Intraday Reversal Times

MAX Pain is at 17600 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 1.08 Cores with addition of 0.78 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

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.  — 555 Done 

Retailers have bought 134 K CE contracts and 188 K CE contracts were shorted by them on Put Side Retailers bought 940 K PE contracts and 767 K PE shorted contracts were added by them suggesting having BEARISH outlook,On Flip Side FII bought 66 K CE contracts and 8.4 K CE were shorted by them, On Put side FII’s bought 74.7 K PE and 68.8 K PE were shorted by them suggesting they have a turned to neutral Bias.

FII’s bought 1449 cores and DII’s sold 140 cores in cash segment.INR closed at 79.74

#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 !! — 17559 done now waiting for 18067.

The mind is mischievous and it often is the primary cause of failures. The market is always creating noises and if a trader fails to control his inner noises, how can he listen to what the market is trying to tell him?
For Positional Traders Stay long till we are holding Trend Change Level 17290  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 17512 will act as a Intraday Trend Change Level.


Buy Above 17555 Tgt 17585, 17610 and 17666 (Nifty Spot Levels)

Sell Below 17499 Tgt 17460, 17424 and 17400 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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