FII sold 6.5 K contract of Index Future worth 550 cores, Net OI has increased by 5.4 K contract 570 Long contract were covered by FII and 6 K Shorts were added by FII. Net FII Long Short ratio at 0.78 so FII used fall to exit Long and enter short in Index Futures.
Bayer Rule 31: The trend changes when Venus in declination reached an extreme beyond 23 degrees 26 minutes 51 seconds and we have New Moon also. we are approaching 18000 important zone of support as per below gann chart from where we can see a small bounce.
Bayer Rule 30: The trend changes when Venus in declination passes the extreme declination of the Sun.
Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).
2 Important Bayer Rules are again with Venus which has vrey big impact on Nifty, We have seen fast fall in market reversal will be fast and swift. Bulls need to move above 17848 for a move towards 17916/17983/18050. Bears will get active below 17781 for a move towards 17714/17687
MAX Pain is at 17800 PCR at 0.95 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Maximum Call open interest of 52 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 17800 strike, which will act as a crucial Support level
Retailers have bought 48.3 K CE contracts and 39.9 K CE contracts were shorted by them on Put Side Retailers bought 457 K PE contracts and 502 K PE shorted contracts were added by them suggesting having BULLISH outlook.
FII bought 153 K CE contracts and 140 K CE were shorted by them, On Put side FII’s bought 122 K PE and 73 K PE were shorted by them suggesting they have a turned to Bearish Bias.
Nifty Dec Future Open Interest Volume is at 0.98 Cr with liquidation of 1.2 Lakh with increase in Cost of Carry suggesting SHORT positions were closed today.
Nifty Rollover cost @18392 and Rollover % @75.1 Closed above it.
Till Nifty is below 18058 on closing basis Bears will have upper hand.
FII’s sold 706 cores and DII’s bought 3398 cores in cash segment.INR closed at 81.80
#NIFTY50 as per musical octave trading path can be 18072-17804-17538 take the side and ride the move !!
In leveraged trades, it is how you manage risk that eventually decides if you hang on to your profits or proceed to lose it all.
Positional Traders Trend Change Level is 18086 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 17970 will act as a Intraday Trend Change Level.