FII sold 26.5 K contract of Index Future worth 2437 cores, Net OI has increased by 29.5 K contract 1.4 K Long contract were covered by FII and 28 K Shorts were added by FII. Net FII Long Short ratio at 0.40 so FII used rise to enter long and enter short in Index Futures.
which is again a powerful aspect it happens 6 times in a year and lead to good turning point.
Intraday time for reversal can be at 9:55/10:38/11:01/12:48/1:20/2:46 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 52 lakh contracts was seen at 17800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 45 lakh contracts was seen at 17600 strike, which will act as a crucial Support level
Nifty Sep Future Open Interest Volume is at 1.01 Cores with liquidation of 1.98 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 2509 cores and DII’s bought 263 cores in cash segment.INR closed at 80.96
#NIFTY50 READY for another 500 points move as per musical octave 18595 – 18058 -17551 take the side and ride the move !!
New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can’t get out or don’t know when to take profits or get out at the bottom and get in at the top of markets.