FII sold 388 contract of Index Future worth 14 cores, Net OI has decreased by 30.1 K contract 5 K Long contract were covered by FII and 25 K Shorts were covered by FII. Net FII Long Short ratio at 1.31 so FII used fall to exit Long and exit short in Index Futures.
Nifty has formed NR7 pattern today with range lowest in last 7 days and tommrow being an important vibration date as disussed below, so we can see the big move.
We have seen impact of Mercury Retrograde and Bayers Rule as discussed in below video, price has os facing resistance at Gann angle as shown in below chart. We have Weekly/Monthly/Quaterly/Yearly closing tommrow, Price need to close above 18387-18444 range for a Bullish start for 2023.
Nifty Astro Plan based on Intraday Ratio Calculator.
Price has closed above 18182 now waiting for18325/18444
MAX Pain is at 18300 PCR at 1.05 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Maximum Call open interest of 12 lakh contracts was seen at 18300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 12 lakh contracts was seen at 18100 strike, which will act as a crucial Support level
Nifty Jan Future Open Interest Volume is at 1.05 Cr with addition of 27.5 Lakh with increase in Cost of Carry suggesting Long positions were added today.
Nifty Rollover cost @18178 and Rollover % @72.5 Closed above it.
Till Nifty is above 18061 on closing basis price can rally till 18275/18414
FII’s sold 572 cores and DII’s bought 515 cores in cash segment.INR closed at 81.89
#NIFTY50 as per musical octave trading path can be 17799-18066-18336 take the side and ride the move !!
A trading strategy is the same; you need to be faithful to it for it to give back to you.
Positional Traders Trend Change Level is 18305 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 18177 will act as a Intraday Trend Change Level.