FII sold 14.5 K contract of Index Future worth 1329 cores, Net OI has decreased by 12.2 contract 13.3 K Long contract were covered by FII and 1.1 K Shorts were added by FII. Net FII Long Short ratio at 0.81 so FII used fall to exit long and enter short in Index Futures.
As Discussed in Last Analysis 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. Nifty did not breach the 15 mins low and closed above 17608 now waiting for 17674/17740/17806.Today is Monthly expiry so expect big move post 2 PM. Bears will have chance below 17525 for move towards 17470/17410.
Intraday time for reversal can be at 9:20/10:25/11:11/12:57/2:15/2:54 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17700 PCR at 0.62 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 51 lakh contracts was seen at 17700 strike, which will act as a crucial resistance level and Maximum PUT open interest of 58 lakh contracts was seen at 17500 strike, which will act as a crucial Support level
Nifty Sep Future Open Interest Volume is at 0.84 Cores with addition of 21 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 15.3 K CE and 16.6 K shorted CE were covered by them and FII bought 43.1 K PE and 48.7 K PE were shorted by them suggesting they are Neutral bias, Net FII have Bought 11000 Cores worth of OPtions in last 3 trading session Suggesting we can continue seeing trending move.
Retailers bought 161 K CE and 155 K CE were shorted by them. Retailers bought 302 K PE and 256 K PE were shorted by them suggesting they are Bearish bias
FII’s bought 23 cores and DII’s sold 322 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 !!