FII sold 9.8 K contract of Index Future worth 1987 cores, Net OI has decreased by 3.4 K contract 68 Long contract were covered by FII and 6.1 K Shorts were covered by FII. Net FII Long Short ratio at 1.47 so FII used fall to exit Long and exit short in Index Futures.
Venus Ingress is happening today, Venus is one of the closest planets to Earth, meaning that its Astro Events are more powerful and intense than other planets.
Price is entering the support zone of 18337-18351 formed another outside bar pattern and we have seen pulback of 450-500 points from top healthy correction, As Monday we have important time cycle date so first 15 mins High and low will guide intraday traders.
Nifty made low of 18352 near support zone and saw a nice bounce back “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees 0, 3*21,6*42, and 7*0’”
If today low is held we can see move towards 18666/18729/18888.
Fresh Swing Plan based on Astro Date Bulls need to move above 18530 for a move towards 18618/18706/18794. Bears will get active below 18335 for a move towards 18247/18159/18071
MAX Pain is at 18500 PCR at 0.88 PCR below 0.78 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Retailers have bought 112 K CE contracts and 257 K CE contracts were shorted by them on Put Side Retailers bought 879 K PE contracts and 667 K PE shorted contracts were added by them suggesting having BEARISH outlook.
FII bought 83.9 K CE contracts and 1 K CE were shorted by them, On Put side FII’s bought 51.7 K PE and 79.1 K PE were shorted by them suggesting they have a turned to BULLISH Bias.
Maximum Call open interest of 32 lakh contracts was seen at 18600 strike, which will act as a crucial resistance level and Maximum PUT open interest of 29 lakh contracts was seen at 18400 strike, which will act as a crucial Support level
Nifty Dec Future Open Interest Volume is at 1.06 Cr with liquidation of 3.8 Lakh with increase in Cost of Carry suggesting short positions were closed today.
Nifty Rollover cost @18392 and Rollover % @75.1 Closed above it.
Nifty has come in sideways zone from 18343-18562, Breakout or Breakdown below or above these levels.
FII’s sold 138 cores and DII’s bought 695 cores in cash segment.INR closed at 81.49
#NIFTY50 as per musical octave trading path can be 18058-18595-19132 take the side and ride the move !!
In trading, the objective is to win swiftly whenever possible. It is all about knowing how to handle the trade in accordance with the trading strategy and time frame
Positional Traders Trend Change Level is 18731 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 18568 will act as a Intraday Trend Change Level.