FII bought 1 K contract of Index Future worth 89 cores, Net OI has decreased by 631 contract 206 Long contract were added by FII and 837 Shorts were covered by FII. Net FII Long Short ratio at 0.21 so FII used rise to enter Long and exit short in Index Futures.
As discussed in below video Mercury Ingress showed its impact first 15 mins low broken and nifty showed a decent fall,Price has been in sideways mode in last few sessions If BUlls are able to protect 17719 we can see a decent pullback tommrow, US CPI data will come so wednesday will be a gap up or gap down so take overnight position with Hedge.
Nifty Trade Plan as per NR21 Pattern, Bears did 2 target on downside. Bulls have chance only above 17876. Till Price below 17801 Bears have upper hand.
Intraday time for reversal can be at 9:28/11:24/12:29/1:08/2:32 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17800 PCR at 0.97 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Maximum Call open interest of 30 lakh contracts was seen at 17900 strike, which will act as a crucial resistance level and Maximum PUT open interest of 20 lakh contracts was seen at 17700 strike, which will act as a crucial Support level
Retailers have bought 141 K CE contracts and 125 K CE contracts were shorted by them on Put Side Retailers bought 343 K PE contracts and 424 K PE shorted contracts were added by them suggesting having BULLISH outlook.
FII bought 190 K CE contracts and 146 K CE were shorted by them, On Put side FII’s bought 90 K PE and 21 K PE were shorted by them suggesting they have a turned to neutral Bias.
Nifty Feb Future Open Interest Volume is at 1.06 Cr with addition of 4.1 Lakh with increase in Cost of Carry suggesting Long positions were added today.
Though FII bought high amount of options in today – The volume is generally on the higher side negating the possibility of sideways movement
ifty Bulls now need to break 17898-17908 for an explosive move on Upside. Bears need to make sure 17809 is not broken tommrow.
FII’s bought 1322 cores and DII’s bought 521 cores in cash segment.INR closed at 82.60
#NIFTY50 as per musical octave trading path can be 17884-18152 take the side and ride the move !!
Those who succeed big at anything all have the same attitude: You keep going until it happens or you die trying. Quitting is not an option.
Positional Traders Trend Change Level is 17808 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 17800 will act as a Intraday Trend Change Level.