FII boght 1.3 K contract of Index Future worth 239 cores, Net OI has decreased by 3.9 K contract 1.2 K Long contract were covered by FII and 2.6 K Shorts were covered by FII. Net FII Long Short ratio at 1.98 so FII used fall to exit Long and exit short in Index Futures.
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.
Nifty saw a decent decline in intraday and saw a swift recovery also, a typical charecterstic of Neptune plannet (This planet can be tricky and must be watched carefully). Price for 2 day has closed below gann angle. Today Mars is going in extreme declination. Mars Plannet adds energy to the trading of a stock and generally leads to trending move.
For Swing Trade Bulls need to move above 18750 for a move towards 18818/18888 . Bears will get active below 18612 for a move towards 18544/18475
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 32 lakh contracts was seen at 18700 strike, which will act as a crucial resistance level and Maximum PUT open interest of 35 lakh contracts was seen at 18500 strike, which will act as a crucial Support level
Nifty Dec Future Open Interest Volume is at 1.13 Cr with liquidation of 0.80 Lakh with increase in Cost of Carry suggesting short positions were added today. NIfty Future is in 116 points premium to Spot.
Nifty Rollover cost @18392 and Rollover % @75.1 Closed above it.
Till Nifty is above 18666 on closing basis Bulls will have upper hand.
Retailers have bought 209 K CE contracts and 305 K CE contracts were shorted by them on Put Side Retailers bought 675 K PE contracts and 565 K PE shorted contracts were added by them suggesting having BULLISH outlook.
FII bought 44.6 K CE contracts and 1.8 K CE were shorted by them, On Put side FII’s bought 48.4 K PE and 58.7 K PE were shorted by them suggesting they have a turned to NEUTRAL Bias.
FII’s sold 1139 cores and DII’s bought 2607 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 !! — Multiple SUpport taken at 18595 and bounceback.
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Positional Traders Trend Change Level is 18746 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 18785 will act as a Intraday Trend Change Level.