FII sold 22.4 K contract of Index Future worth 2010 cores, Net OI has decreased by 58.4 contract 36.3 K Long contract were covered by FII and 22 K Shorts were covered by FII. Net FII Long Short ratio at 0.54 so FII used fall to exit long and exit 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.
We got the big move post 2 PM and again formed an Outside Bar Pattern . Tommrow we have important Bayers Rules coming Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.
so watch out for 15 mins high and low to trade the day. For Swing Traders Bulls need to move above 17593 for a move towards 17659/17728 Bears Will get active below 17460 for a move towards 17393/17327
Intraday time for reversal can be at 10:59/11:58/12:56/2:14/2:50 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17600 PCR at 0.86 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 1.06 Cores with addition of 22 Lakh with increase in cost of carry suggesting Long positions were added today.
Nifty rollover cost @ 17655 and Rollover @76.6 % Closed above the rollover level suggesting bias is Bullish
Nifty Sep Future Premium is Highest in 2022 Last time it was such High was in April 2022 when we had the Major Fall so keep strict SL. Also today we have seen Very High Volume in NF.
FII’s bought 369 cores and DII’s sold 334 cores in cash segment.INR closed at 79.92
#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 !!
