FII sold 1.3 K contract of Index Future worth 110 cores, Net OI has increased by 881 contract 257 Long contract were covered by FII and 1.1 K Shorts were covered by FII. Net FII Long Short ratio at 0.99 so FII used fall to exit long and exit short in Index Futures.
As Discussed in Last Analysis We saw the impact of Gann Rule 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) and Double Ingress of Mars and Sun as per Astrology Bank NIfty saw 512 points correction in just 2 trading sessions. Now we have another important Rule kicking in today In a highly up trending market weekly low is achieved on Tuesday.
If this rule have to Kick in Bottom can be made today around 9:47-10:10 can bounce can be fast and furious. 17444-17459 level to be watched where 1 gann cycle is completing. For Swing Traders Bulls need to move above 17490 for a move towards 17557/17623/17690 Bears will get active below 17424 for move towards 17357/17291/17224.
Gann Rule Worked perfectly as price bounded from gann angle and now we have Uranus Retrograde tommrow and we have discussed the important in below video, For Swing Traders Bulls need to move above 17608 for a move towards 17674/17740/17806. Bears will get active below 17476 for move towards 17411/17345.
Intraday time for reversal can be at 9:15/10:22/11:07/12:01//2:15/2:59 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17800 PCR at 0.93 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 31 lakh contracts was seen at 17800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 28 lakh contracts was seen at 17500 strike, which will act as a crucial Support level
Nifty Sep Future Open Interest Volume is at 0.63 Cores with addition of 18.7 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
FII bought 41.9 K CE and 15.8 K CE were shorted by them and FII bought 63.1 K PE and 20.3 K PE were shorted by them suggesting they are Neutral bias, Net FII have Bought 9000 Cores worth of OPtions SUggesting we can continue seeing trending move.
Retailers sold 372 K CE and 236 K shorted CE were covered by them. Retailers bought 605 K PE and 509 K PE were shorted by them suggesting they are Bullish bias
FII’s bought 563 cores and DII’s sold 215 cores in cash segment.INR closed at 79.90
#NIFTY50 READY for another 500 points move in next 4 trading session as per musical octave 18058- 17551-17044 take the side and ride the move !!