FII sold 13 K contract of Index Future worth 1122 cores, Net OI has increased by 9.2 K contract 1.8 K Long contract were covered by FII and 11.1 K Shorts were added by FII. Net FII Long Short ratio at 0.51 so FII used fall to exit long and enter short in Index Futures.
Nifty had important gann and astro date today as discussed in below video.Nifty has taken support at 30 SMA Today, Swing Trade Plan is Bullish above 17362 for a move towards 17428/17493/17559/17624, Bears will get active below 17248 for a move towards 17182/17116/17050. We have Monthly close tommrow Bulls will try to close between 17399-17486. 31 is trading Holiday on account of Ganesh Chaturthi. Market generally reaming Bullish during Ganesh Chaturthi.
Intraday time for reversal can be at 10:44/11:36/12:50/1:47/2:53 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17400 PCR at 0.81 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 55 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 58 lakh contracts was seen at 17200 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
Retailers sold 7.4 K CE contracts and 2.9 K CE contracts were shorted by them on Put Side Retailers bought 627 K PE contracts and 501 K PE shorted contracts were added by them suggesting having Neutral outlook.
FII bought 48.3 K CE contracts and 39.9 K CE were shorted by them, On Put side FII’s bought 46.6 K PE and 63.9 K PE were shorted by them suggesting they have a turned to Bullish Bias.
FII’s sold 561 cores and DII’s bought 144 cores in cash segment.INR closed at 80.14
#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 !!