FII sold 8.5 K contract of Index Future worth 761 cores, Net OI has decreased by 8.6 K contract 8.6 K Long contract were covered by FII and 49 Shorts were covered by FII. Net FII Long Short ratio at 1.68 so FII used fall to exit long and exit short in Index Futures.
Nifty Swing Trade Plan based on Astro Date High and Low is as below. For Swing Traders Bulls will get active above 18426 for a move towards 18492/18531/18570/18596 . Bears will get active below 18303 for a move towards 18238/18199/18160. — All Bearish target done.
Another low volume day in Nifty. “Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule”should add mometum.
For Swing Trade Bulls need to move above 18170 for a move towards 18238/18306/18374 . Bears will get active below 18102 for a move towards 18034/17966/17898
Intraday time for reversal can be at 10:51/11:39/12:32/1:58/2:29 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18400 PCR at 0.856 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 18400 strike, which will act as a crucial resistance level and Maximum PUT open interest of 14 lakh contracts was seen at 18000 strike, which will act as a crucial Support level
Nifty Nov Future Open Interest Volume is at 0.96 Cr with liquidation of 11.6 Lakh with decrease in cost of carry suggesting Long positions were closed today.
Retailers have bought 728 K CE contracts and 646 K CE contracts were shorted by them on Put Side Retailers bought 356 K PE contracts and 373 K PE shorted contracts were added by them suggesting having BULLISH outlook.
FII bought 22.9 K CE contracts and 50.3 K CE were shorted by them, On Put side FII’s bought 36.2 K PE and 18.3 K PE were shorted by them suggesting they have a turned to neutral Bias.
18269 above only BUlls will make a comeback, else bears can push towards 18028/17969.
FII’s sold 1593 cores and DII’s bought 1262 cores in cash segment.INR closed at 81.80
#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
Most of traders will see last few candles IE. MOST RECENT MARKET ACTION and try to make prediction /judgment of future based on limited information THIS IS INTUTIVE MIND APPROACH.
Positional Traders Trend Change Level is 18195 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 18197 will act as a Intraday Trend Change Level.