FII sold 1.8 K contract of Index Future worth 102 cores, Net OI has decreased by 6.4 K contract 4.1 K Long contract were covered by FII and 2.2 K Shorts were covered by FII. Net FII Long Short ratio at 0.67 so FII used fall to exit Long and exit short in Index Futures.
We have 3 Important Astro event today as discussed in below video
- Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.
- Venus Square North Node
- Mars is turning Direct
First 15 mins HIgh and Low based on Intraday Ratio Indicator can guide for the day.
For Swing Traders Bulls need to move above 17974 for a move towards 18040/ 18107/18174/18240. Bears will get active below 17804 for a move towards 17737/17670/17602
NIfty is stuck in range of its 50/100 DMA
MAX Pain is at 17900 PCR at 0.85 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Maximum Call open interest of 22 lakh contracts was seen at 18000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 22 lakh contracts was seen at 17800 strike, which will act as a crucial Support level
Nifty Jan Future Open Interest Volume is at 1.14 Cr with liqidation of 1 Lakh with increase in Cost of Carry suggesting Long positions were closed today.
Retailers have bought 18 K CE contracts and 63 K CE contracts were shorted by them on Put Side Retailers bought 702 K PE contracts and 547 K PE shorted contracts were added by them suggesting having BEARISH outlook.
FII sold 12.9 K CE contracts and 24.1 K CE were shorted by them, On Put side FII’s bought 31.9 K PE and 50 K PE were shorted by them suggesting they have a turned to neutral Bias.
Nifty Rollover cost @18178 and Rollover % @72.5 Closed below it.
Nifty has again bounced from 50% point now need close above 18066 for trend to change from SELL of RISE to BUY on DIPS.
FII’s sold 3208 cores and DII’s bought 2430 cores in cash segment.INR closed at 81.65
#NIFTY50 as per musical octave trading path can be 17538-17804-18072 take the side and ride the move !!
One of the reason why beginners trader blow up their trading account and have to leave trading forever is that they are extremely undercapitalized. They are forced out due to market noise
Positional Traders Trend Change Level is 18133 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 17979 will act as a Intraday Trend Change Level.