FII bought 575 contract of Index Future worth 109 cores, Net OI has increased by 6.2 K contract 3.4 K Long contract were added by FII and 2.8 K Shorts were added by FII. Net FII Long Short ratio at 1.51 so FII used rise to enter long and enter short in Index Futures.
Intraday time for reversal can be at 9:15/10:29/11:51/12:25/1:05/2:53 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18500 PCR at 0.85 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 32 lakh contracts was seen at 18500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 38 lakh contracts was seen at 18300 strike, which will act as a crucial Support level
Nifty Nov Future Open Interest Volume is at 1.19Cr with addition of 0.34 Lakh with decrease in cost of carry suggesting Long positions were added today.
Retailers have sold 444 K CE contracts and 231 K CE contracts were shorted by them on Put Side Retailers bought 542 K PE contracts and 382 K PE shorted contracts were added by them suggesting having BEARISH outlook.
FII bought 2.3 K CE contracts and 14.9 K CE were shorted by them, On Put side FII’s bought 14.9 K PE and 64.5 K shorted PE were covered by them suggesting they have a turned to BULLISH Bias.
FII’s sold 221 cores and DII’s sold 549 cores in cash segment.INR closed at 81.21
#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
Do not trade with tiny account, Its better to paper trade and build yourself until there is reasonable amount in your account. The market will wait for you. You want odds to be with you not against you, so be patient with right amount of capital.