FII bought 5.4 K contract of Index Future worth 556 cores, Net OI has increased by 225 contract 2.8 K Long contract were added by FII and 2.6 K Shorts were covered by FII. Net FII Long Short ratio at 1.16 so FII used rise to enter Long and exit short in Index Futures.
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.
Nifty contiue to march higher, heading towards the 18729/18888 Last night we have seen classic case of buy rumour and sell news in dow. Trade on levels and Strict SL and carry overnight positions with Hedge only.
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 — 18618 done now waiting for 18706/18794.
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.
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 42 lakh contracts was seen at 18800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 39 lakh contracts was seen at 18500 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 Bulls are back with the close above 18575
FII’s bought 619 cores and DII’s bought 36 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 18727 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 18665 will act as a Intraday Trend Change Level.