FII sold 15.4 K contract of Index Future worth 1519 cores, Net OI has increased by 6.6 K contract 4.4 K Long contract were covered by FII and 11 K Shorts were added by FII. Net FII Long Short ratio at 1.15 so FII used rise to exit long and enter short in Index Futures. As FII have added short today and tommrow if we sustain above first 15 mins High FII’s will rush for cover.
We will see Gap up open tommrow as US data came better than expected and Dollar Index is down to 108 so should be positive for USD and Banks.
CPI 0.4% M/M, Exp. 0.6%
CPI 7.7% Y/Y, Exp. 7.9%
CPI Core 0.3% M/M, Exp. 0.5%
CPI Core 6.3% Y/Y, Exp. 6.5%
Nifty just closed above 18022 Mars Reteograde level and also we closed above the TC level.
Nifty Swing Trade Plan based on Astroate High and Low is as below.
For Swing Traders Bulls will get active above 18305 for a move towards 18417/18484/18550. Bears will get active below 18107 for a move towards 17996/17928/17862, Swing Shorts were not intiated due to gap down,
Intraday time for reversal can be at 9:15/12:23/1:02/2:08/2:53 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18200 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 12 lakh contracts was seen at 18400 strike, which will act as a crucial resistance level and Maximum PUT open interest of 15 lakh contracts was seen at 18100 strike, which will act as a crucial Support level
Nifty Nov Future Open Interest Volume is at 1.21 Cr with addition of 0.94 Lakh with increase in cost of carry suggesting Long positions were added today.
Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn. Expect Good Move in Nifty as this rule becomes active.
NIfty Rollover cost @ 17732 and Rollover is at 70.5 % closed above it.
FII’s bought 36 cores and DII’s sold 967 cores in cash segment.INR closed at 82.46
#NIFTY50 as per musical octave trading path can be 17551-18058-18595 take the side and ride the move !! 2 days in a row closed above 18058
During this phase of the rule-finding and the clean implementation of your Trading system you are faced with mental conflicts. That’s the hardest part of the Trading education to resolve “Mental Conflicts”.
Positional Traders Trend Change Level is 18074 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 18085 will act as a Intraday Trend Change Level.