FII bought 9.9 K contract of Index Future worth 2298 cores, Net OI has decreased by 13.4 K contract 1.8 K Long contract were covered by FII and 11.7 K Shorts were covered by FII. Net FII Long Short ratio at 0.87 so FII used fall to exit Long and exit short in Index Futures.
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
Bayers rule showed its impact and Nifty did all target on upside. For Swing Traders Bulls need to move above 18040 for a move towards 18107/18174/18240. Bears will get active below 17974 for a move towards 17907/17840/17774.
MAX Pain is at 18300 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 62 lakh contracts was seen at 18300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 52 lakh contracts was seen at 18000 strike, which will act as a crucial Support level
Retailers have sold 121 K CE contracts and 34 K CE contracts were shorted by them on Put Side Retailers bought 136 K PE contracts and 107 K PE shorted contracts were added by them suggesting having Bearish outlook.
FII sold 73 K CE contracts and 61.9 K CE were shorted by them, On Put side FII’s bought 25.5 K PE and 127 K PE were shorted by them suggesting they have a turned to BULLISH Bias.
Nifty Jan Future Open Interest Volume is at 0.43 Cr with addition of 0.98 Lakh with increase in Cost of Carry suggesting SHORT positions were closed today.
Nifty Rollover cost @18392 and Rollover % @75.1 Closed below it.
Till Nifty is below 18058 on closing basis Bears will have upper hand.
FII’s sold 497 cores and DII’s bought 1285 cores in cash segment.INR closed at 81.80
#NIFTY50 as per musical octave trading path can be 17799-18066-18336 take the side and ride the move !!
“When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” – Mark Douglas
Positional Traders Trend Change Level is 18056 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 17995 will act as a Intraday Trend Change Level.