FII sold 5.8 K contract of Index Future worth 623 cores, Net OI has increased by 5.8 K contract 12 Long contract were covered by FII and 5.8 K Shorts were added by FII. Net FII Long Short ratio at 1.30 so FII used rise to exit long and enter short in Index Futures.
Nifty is near an Important time cycle based on Astro and Gann Cycle as discussed in below video so for intraday trades tommrow Intraday Ratios Indicator can help. Jupiter and Mercury are also said to have an effect on stock market results.Another geocosmic cycle to consider is the 12-year transit of Jupiter through the signs. It spends approximately one year in each sign in its 12-year orbit around the Sun. The previous studies have shown that intermediate or long-term cycle crests occur when Jupiter does a sign change.
For Swing Traders Bulls will get active above 17817 for a move towards 17883/17949. Bears will get active below 17685 for a move towards 17619/17553/17487.
Nifty was able to close above Friday High of 17783 and is near the Astro and Gann time Cycle which leads to an impulsive move as happened many time in past. We also have monthly closing on Monday with Bank Nifty up 5.3 % for October month till date. Also we have Mercury and Mars also changing sign suggesting we can see big move in NIfty in next 2 trading sessions. Mercury has a very big impact on Nifty.
Transiting planets and geocosmic combinations of aspects influence the market in many different ways, and each combination of energy driven by the transits of planets has both positive and negative influences depending upon many different types of circumstances including the influences of the greater cycles of geocosmic energy – cycles of the outer planets – that are unfolding at the same time.
For Swing Traders Bulls will get active above 17902 for a move towards 17969/18035/18101. Bears will get active below 17769 for a move towards 17703/17637
As per Gann Octave Theory Above 17759 heading towards 17927.
Intraday time for reversal can be at 9:16/10:09/11:39/12:06/1:19/2:41 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18000 PCR at 0.91 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 232 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 25 lakh contracts was seen at 17600 strike, which will act as a crucial Support level
Nifty Nov Future Open Interest Volume is at 1.12 Cr with addition of 2.9 Lakh with increase in cost of carry suggesting Long positions were added today.
Retailers have bought 920 K CE contracts and 918 K CE contracts were shorted by them on Put Side Retailers bought 604 K PE contracts and 672 K PE shorted contracts were added by them suggesting having NEUTRAL outlook.
FII bought 124 K CE contracts and 117 K CE were shorted by them, On Put side FII’s bought 76 K PE and 47 K PE were shorted by them suggesting they have a turned to BULLISH Bias. FII’s have bought 4.2 K Cr of Options today.
NIfty Rollover cost @ 17732 and Rollover is at 70.5 % closed above it.
FII’s bought 1568 cores and DII’s sold 613 cores in cash segment.INR closed at 83.05
#NIFTY50 as per musical octave trading path can be 17044-17551-18058 take the side and ride the move !!
Profitable Trading : A Trading Strategy With An Edge (positive expectancy) + The Ability To Be Able To Consistently Apply The Strategy
Positional Traders Trend Change Level is 17800 on Futures go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. Intraday Traders 17829 will act as a Intraday Trend Change Level.