FII sold 15.4 K contract of Index Future worth 1533 cores, Net OI has increased by 4.2 K contract 5.6 K Long contract were covered by FII and 9.8 K Shorts were added by FII. Net FII Long Short ratio at 1.61 so FII used fall to exit Long and enter short in Index Futures.
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.
Below video we have shared the importance of Declination, Today we have Mars which is very important. Try to take after RBI Policy is done. We will either see 25 or 35 BPS hike but commetary of governor will be very important. Intraday traders can follow the Square number level shared in the below video.
For Swing Trade Bulls need to move above 18666 for a move towards 18742/18791/18859 . Bears will get active below 18567 for a move towards 18489/18412.
MAX Pain is at 18600 PCR at 0.92 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 1.10 Cr with liquidation of 3.1 Lakh with increase in Cost of Carry suggesting short positions were added today.
Nifty Rollover cost @18392 and Rollover % @75.1 Closed above it.
Till Nifty is above 18659 on closing basis Bulls will have upper hand. Today we have closed below 18659.
Retailers have bought 303 K CE contracts and 240 K CE contracts were shorted by them on Put Side Retailers sold 178 K PE contracts and 55 K PE shorted contracts were added by them suggesting having BULLISH outlook.
FII bought 6 K CE contracts and 24.9 K CE were shorted by them, On Put side FII’s bought 41.4 K PE and 6.3 K PE were shorted by them suggesting they have a turned to BEARISH Bias.
FII’s sold 635 cores and DII’s sold 558 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.
If you don’t trust the system while you’re in a trade, you’ll become impatient. Impatience makes you exit too soon – afraid that profits will dissipate – or too late, because you don’t want to take a loss.
Positional Traders Trend Change Level is 18745 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 18735 will act as a Intraday Trend Change Level.