FII bought 9.1 K contract of Index Future worth 858 cores, Net OI has decreased by 10.1 K contract 487 Long contract were covered by FII and 9.6 K Shorts were added by FII. Net FII Long Short ratio at 1.26 so FII used fall to exit Long and exit short in Index Futures.
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. IT Stocks saw a big rally today also combined with Lunar cycle as discussed below Bulls have upper hand, We will open 100+ point gap up tommrow and Reliance at crucial level can prople nifty towards 18300 zone. Outer plannet bring long term trend change it can help nifty breaking out of the range lead to move of 400-500 points till Budget.
Nifty Bulls need to move above 18155 for a move towards 18200/18246/18292/18338
Nifty Bears need to move below 18060 for a move towards 18018/17972/17926/17880
NIfty has finally closed above 20 SMA now price can target 18256-18288 zone where 50 SMA lies.
MAX Pain is at 18100 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 87 lakh contracts was seen at 18300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 50 lakh contracts was seen at 18100 strike, which will act as a crucial Support level
Nifty Jan Future Open Interest Volume is at 0.88 Cr with liquidation of 15 Lakh with increase in Cost of Carry suggesting Long positions were closed today.
Nifty Rollover cost @18178 and Rollover % @72.5 Closed below it.
Retailers have bought 425 K CE contracts and 464 K CE contracts were shorted by them on Put Side Retailers bought 737 K PE contracts and 680 K PE shorted contracts were added by them suggesting having Bearish outlook.
FII bought 116 K CE contracts and 50 K CE were shorted by them, On Put side FII’s bought 72.8 K PE and 69.6 K PE were shorted by them suggesting they have a turned to neutral Bias.
FII’s sold 219 cores and DII’s bought 434 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 !!
Review the last week’s entries in your trading journal. Count the number of positive, encouraging phrases in your writings and the number of negative, critical ones. If the ratio of positive to negative messages is less than one, you know you aren’t sustaining a healthy relationship with your inner coach. And if you’re not keeping a journal, your coach is silent. What sort of relationship is that?
Positional Traders Trend Change Level is 18099 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 18099 will act as a Intraday Trend Change Level.