FII sold 4.5 K contract of Index Future worth 382 cores, Net OI has decreased by 90 contract 2.3 K Long contract were covered by FII and 2.2 K Shorts were added by FII. Net FII Long Short ratio at 0.98 so FII used fall to exit Long and enter short in Index Futures.
Nifty will Open gap down Sun is moving in Aquarius and Venus Opposition Mercury HELIO also Moon at extreme declination so nifty should see good move today as per levels give below for both intraday and Swing Levels.
Nifty has formed Narrow Range 21 Pattern today Last time it was formed on 14 Dec and we had a big fall after that, WIll History repeat Uranus is going for EXTREME Declination and it has Big impact on IT Stocks.
MAX Pain is at 18100 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 40 lakh contracts was seen at 18200 strike, which will act as a crucial resistance level and Maximum PUT open interest of 32 lakh contracts was seen at 18000 strike, which will act as a crucial Support level
Nifty Jan Future Open Interest Volume is at 1.06 Cr with liquidation of 7 Lakh with increase in Cost of Carry suggesting Long positions were closed today.
Nifty Rollover cost @18178 and Rollover % @72.5 Closed below it.
FII’s bought 339 cores and DII’s sold 128 cores in cash segment.INR closed at 81.35
#NIFTY50 as per musical octave trading path can be 17799-18066-18336 take the side and ride the move !!
TWO THINGS TO IMPROVE YOUR TRADE APPROACH: HOW YOU THINK AND HOW THE MARKET THINKS.