FII sold 18.2 K contract of Index Future worth 1652 cores, Net OI has increased by 1.3 K contract 8.4 K Long contract were covered by FII and 9.7 K Shorts were added by FII. Net FII Long Short ratio at 1.12 so FII used rise to exit long and enter short in Index Futures.
As Discussed in Last Analysis Nifty has seen one of the Biggest Rally of 2022 with Index rising Non Stop from 16348 till 17965 almost a 600 points rally in just 15 trading sessions as Sun Conjunct Mercury showed its impact Tommrow Venus Trine Jupiter its important from gold and stocks specially banks. 17860-17866 is important zone Shorts should be taken below 15 mins candel sustained. For Swing Traders Bulls need to move above 18001 for a move towards18062/18128. Bears will get active below 17860 for move towards 17796/17730. We have Mars and Sun Ingress double ingress on Weekend so be cautious as it can lead to trend change and it will happen fast. For Swing Traders Bulls need to move above 18001 for a move towards18062/18128. Bears will get active below 17850 for move towards 17796/17730.
If a price is rising for 9 consecutive day’s at a stretch, then there is a high probability of a correction for 5 consecutive days. (Ratio is 9:5). Today was the 9 Day of Rally from 04-Aug. Below Example is from Nifty Rally in Jan 2022. Also last week of Expiry when we have rise for 3-4 Weeks Lead to Longs Unwinding.
Intraday time for reversal can be at 9:15/11:35/12:57/1:05/2:14 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18000 PCR at 0.98 PCR below 0.87 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Maximum Call open interest of 18 lakh contracts was seen at 18200 strike, which will act as a crucial resistance level and Maximum PUT open interest of 13 lakh contracts was seen at 17800 strike, which will act as a crucial Support level
Nifty Aug Future Open Interest Volume is at 1.13 Cores with addition of 0.68 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
Its Basic Human Nature, Markets are up Traders want to Short Market are down traders want to Buy and this particular Emotions are exploited by Smart Money and Current Rally is classic Example,Many traders are losing on their shorts and market keep going up everyday.
FII’s sold 1706 cores and DII’s bought 470 cores in cash segment.INR closed at 79.67
#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.