FII sold 10.4 K contract of Index Future worth 943 cores, Net OI has increased by 112 contract 5.1 K Long contract were covered by FII and 5.2 K Shorts were added by FII. Net FII Long Short ratio at 0.31 so FII used rise to exit long and enter short in Index Futures.
As Discussed in Last Analysis Astro Worked again as discussed on Twitter first 15 mins High was broken and trend for the day was on upside. Nifty has formed a BAT pattern today which is a bullish sign, staying with the trend is diffcult as our Monkey Mind will keep searching some reason to Short as its has risen so much but my years of experience says stay with trend and ride till it bends. For Swing Traders Bulls need to move above 18104 for a move towards 18171/18237/18304. Bears will get active below 17971 for a move towards 17904/17837/17771
Nifty after hitting a triple top and failing to conquer the April high of 18,109 for the 3rd consecutive day facing resistance at Gann angle. We have very important High Intensity Astro date involving North Node which might cause lot of volatility tommrow so first 15 mins high and low should guide for the day. For Swing Traders Bulls need to move above 17894 for a move towards 17961/18028/18096. Bears will get active below 17827 for a move towards 17759/17692/17625
Intraday time for reversal can be at 9:36/10:10/11:41/12:38/1:19/2:22 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18100 PCR at 0.81 PCR below 0.78 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Maximum Call open interest of 325 lakh contracts was seen at 18200 strike, which will act as a crucial resistance level and Maximum PUT open interest of 15 lakh contracts was seen at 187800 strike, which will act as a crucial Support level
Nifty Sep Future Open Interest Volume is at 1.22 Cores with liquidation of 2 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’s sold 1270 cores and DII’s sold 928 cores in cash segment.INR closed at 79.42
#NIFTY50 READY for another 500 points move as per musical octave 18595 – 18058 -17551 take the side and ride the move !!
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