FII bought 20.3 K contract of Index Future worth 1844 cores, Net OI has decreased by 14.6 K contract 2.8 K Long contract were added by FII and 17.5 K Shorts were covered by FII. Net FII Long Short ratio at 0.63 so FII used rise to enter long and exit short in Index Futures.
Intraday time for reversal can be at 9:15/10:09/11:03/12:12/1:00/2:13 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17800 PCR at 0.86 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 42 lakh contracts was seen at 17900 strike, which will act as a crucial resistance level and Maximum PUT open interest of 35 lakh contracts was seen at 17500 strike, which will act as a crucial Support level
Nifty Sep Future Open Interest Volume is at 1.10 Cores with liquidation of 5.3 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 bought 312 cores and DII’s sold 94 cores in cash segment.INR closed at 79.81
Retailers have sold 419 K CE contracts and 349 K shorted CE contracts were covered by them on Put Side Retailers bought 326 K PE contracts and 239 K PE shorted contracts were added by them suggesting having Bearish outlook.
FII sold 3.7 K CE contracts and 27 K shorted CE were covered by them, On Put side FII’s bought 13.1 K PE and 13.8 K PE were shorted by them suggesting they have a turned to neutral Bias.
#NIFTY50 READY for another 500 points move as per musical octave 18595 – 18058 -17551 take the side and ride the move !!
The most difficult thing for any trader to do is isolate the emotional part of his thinking and keep it from interfering with his trading. One of the best ways to accomplish this task is to plan and place both the entry point and price objective before you make the trade.