FII sold 41 K contract of Index Future worth 3917 cores, Net OI has decreased by 15.6 K contract 28.3 K Long contract were covered by FII and 12.7 K Shorts were added by FII. Net FII Long Short ratio at 1.92 so FII used fall to enter exit and enter short in Index Futures.
Bayer Rule 30: The trend changes when Venus in declination passes the extreme declination of the Sun.–Today we will see Impact of Bayers Rule.
We saw a decent fall in bank nifty now tommrow Neptune Turns Direct. Neptune is an outer plannet,This planet can be tricky and must be watched carefully. Price has also broken gann angle level. Also we have imporatnt Mercury Conjuct Venus Helio aspect which is important turning point.
For Swing Trade Bulls need to move above 18897 for a move towards 18966/19007/19048/19117 . Bears will get active below 18768 for a move towards 18699/18658/18617/18589. — 18617 done
For Swing Trade Bulls need to move above 18750 for a move towards 18818/18888 . Bears will get active below 18681 for a move towards 18612/18544/18475
Intraday time for reversal can be at 9:32/10:31/11:38/12:47/1:38/2:22 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18700 PCR at 0.88 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 18800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 25 lakh contracts was seen at 18600 strike, which will act as a crucial Support level
Retailers have bought 130 K CE contracts and 114 K CE contracts were shorted by them on Put Side Retailers bought 543 K PE contracts and 668 K PE shorted contracts were added by them suggesting having BULLISH outlook.
FII bought 100 K CE contracts and 172 K CE were shorted by them, On Put side FII’s bought 67.9 K PE and 12.5 K PE were shorted by them suggesting they have a turned to BEARISH Bias.
Nifty Dec Future Open Interest Volume is at 1.14 Cr with liquidation of 9.1 Lakh with increase in Cost of Carry suggesting Long positions were closed today. NIfty Future is in 136 points premium to Spot.
Nifty Rollover cost @18392 and Rollover % @75.1 Closed above it.
Till Nifty is above 18652 on closing basis Bulls will have upper hand.
FII’s bought 5445 cores and DII’s bought 712 cores in cash segment.INR closed at 81.16
#NIFTY50 as per musical octave trading path can be 18058-18595-19132 take the side and ride the move !! — 18595 done
LEARN TO EXECUTE ORDERS QUICKLY. Practice your execution skills daily. Create speed drills for yourself, Being fast and light is an advantage that the intraday trader must learn to exploit. We can go from long to short very quickly and easily.
Positional Traders Trend Change Level is 18741 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 18822 will act as a Intraday Trend Change Level.