FII sold 943 contract of Index Future worth 125 cores, Net OI has decreased by 6.3 K contract 3.6 K Long contract were covered by FII and 2.7 K Shorts were covered by FII. Net FII Long Short ratio at 1.28 so FII used rise to exit long and exit short in Index Futures.
As Discussed in Last Analysis We got big move and nifty did 2 target on upside after gap up , Tommrow we have mercury retrograde as shown in below video so time to be cautious on longs as it lead to trend reversal. Swing Trade Plan is Bullish above 17814 for a move towards 17881/17947/18013, Bears will get active below 17777 for a move towards 17682/17616. Nifty saw profit booking from higher level, Now next week will be very crucial as per below video Swing Trade Plan is Bullish above 17860 for a move towards 17925/18000/18067 , Bears will get active below 17785 for a move towards 17725/17658/17591
When a planet is retrograde, it appears to be standing still momentarily from the viewpoint of an observer situated on planet Earth. Although orbiting planets never stand still, when a planet is retrograde it is as if two vehicles are moving in the same direction and one vehicle passes the other. As the faster vehicle (faster orbiting planet) passes the slower vehicle (slower orbiting planet), for a brief moment in time it appears as though the slower vehicle (slower orbiting planet) is moving backwards. Of course it is not really moving backwards, the effect is purely illusory. Mercury retrograde events (although not frequent) are often associated with significant market highs and lows. Life time High of Nifty on 19 October also happened on Mercury retrograde
Intraday time for reversal can be at 09:45/10:45/11:53/12:29/1:47/2:20 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17800 PCR at 0.81 PCR below 0.85 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Maximum Call open interest of 35 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 45 lakh contracts was seen at 17500 strike, which will act as a crucial Support level
Nifty Sep Future Open Interest Volume is at 1.25 Cores with liquidation of 1.94 Lakh with increase in cost of carry suggesting Long positions were closed today.
Nifty rollover cost @ 17655 and Rollover @76.6 % Closed above the rollover level suggesting bias is Bullish
FII bought 131 K CE and 108 K CE were shorted by them. FII bought 109 K PE and 40.4 K shorted PE were covered by them. Bias Bearish, 8905 ce of options are bought by FII so be ready for big move.
Retailers bought 876 K CE and 812 K CE were shorted by them. Retailers bought 518 K PE and 609 K PE were shorted by them. Bias Bullish
FII’s bought 2132 cores and DII’s sold 1167 cores in cash segment.INR closed at 79.70
#NIFTY50 READY for another 500 points move as per musical octave 18058- 17551-17044 take the side and ride the move !!
Good risk management decreases the amount of your draw downs which makes trading a much easier proposition. Consistently growing capital is a much more pleasant process when you are not trying to come back from 25%-50% draw downs, trust me on this, been there done that.
on Monday Moon is in Revathi star owned by Mercury and Mercury is Hastham Owned by Moon. This is considered as sookshma parivarthanam in Vedic astrology. It will interesting how the market behaves. Gap up and down or Gap down and up. Sign of Pisces is responsible for most of the lows. Mercury and Moon are exchanging places. On Friday also Moon and Mars exchanged places. Can expect repeat albeit faster as Mercury cojoins retro Jupiter.
Very power full study sir. Sir please are you teaching me of this level of education???