FII bought 18.4 K contract of Index Future worth 1845 cores, Net OI has increased by 6.9 K contract 12.7 K Long contract were added by FII and 5.7 K Shorts were covered by FII. Net FII Long Short ratio at 1.84 so FII used rise to enter long and exit short in Index Futures.
Intraday time for reversal can be at 10:12/11:33/12:32/1:42/2:49 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 342 lakh contracts was seen at 18500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 4 lakh contracts was seen at 18300 strike, which will act as a crucial Support level
Nifty Nov Future Open Interest Volume is at 1.15 Cr with liquidation of 4.4 Lakh with decrease in cost of carry suggesting Long positions were closed today.
Retailers have bought 347 K CE contracts and 332 K CE contracts were shorted by them on Put Side Retailers bought 292 K PE contracts and 285 K PE shorted contracts were added by them suggesting having NEUTRAL outlook.
FII bought 37.8 K CE contracts and 4.3 K CE were shorted by them, On Put side FII’s bought 41 K PE and 34 K shorted PE were covered by them suggesting they have a turned to NEUTRAL Bias.
FII’s sold 386 cores and DII’s sold 1437 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
Trading require courage you need to do right thing at right time despite fear and greed puling you in opposite direction.