FII sold 15.7 K contract of Index Future worth 1657 cores, Net OI has increased by 10.9 K contract 2.4 K Long contract were added by FII and 13.3 K Shorts were added by FII. Net FII Long Short ratio at 2.3 so FII used rise to exit long and enter short in Index Futures.
Intraday time for reversal can be at 9:38/10:35/11:17/11:58/1:07/2:05/2:52 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18500 PCR at 1.01 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 22 lakh contracts was seen at 18600 strike, which will act as a crucial resistance level and Maximum PUT open interest of 20 lakh contracts was seen at 18300 strike, which will act as a crucial Support level
Retailers have bought 111 K CE contracts and 101 K CE contracts were shorted by them on Put Side Retailers bought 616 K PE contracts and 727 K PE shorted contracts were added by them suggesting having BULLISH outlook.
FII bought 185 K CE contracts and 185 K CE were shorted by them, On Put side FII’s bought 95.5 K PE and 37.3 K PE were shorted by them suggesting they have a turned to neutral Bias.
Nifty Dec Future Open Interest Volume is at 1.11 Cr with addition of 35.5 Lakh with increase in Cost of Carry suggesting Long positions were added today. NIfty Future is in 134 points premium to Spot.
Traders who do arbritrage can Sell Dec Future and Buy Jan Future Margin required is just 25-30K per lot and hold till expiry.
Nifty Rollover cost @18392 and Rollover % @75.1 Closed above it.
Till Nifty is above 18379 on closing basis Bulls will have upper hand.
FII’s bought 369 cores and DII’s sold 295 cores in cash segment.INR closed at 81.66
#NIFTY50 as per musical octave trading path can be 17551-18058-18595 take the side and ride the move !!
Traders should evaluate their execution, not their P&L.