FII sold 3 K contract of Index Future worth 350 cores, Net OI has increased by 5.8 K contract 1.3 K Long contract were added by FII and 4.4 K Shorts were added by FII. Net FII Long Short ratio at 0.34 so FII used rise to enter Long and enter short in Index Futures.
As discussed in Last Analysis We have important astro events happening tommrow as discussed below and nifty isabove 50% point so be ready for big move above 18070. Tommrow being Weekly Expiry Settlement generally happens which cause pain to most of the crowd. Last Expiry close was 17916 till above this BUlls have upper hand.
Nifty opened with gap up and price failed to close above 50% point @18120 and on Weekly chart forming another DOJI candel. From 13 Sep 2022 nifty completed 108 trading bar yesterday and we had important astro date also as discussed in below video so we can see a big move in Nifty. Tigthen you SL.
Nifty Swing Trade Plan as per Intraday Ratio Indicator based on SUN Conjunct Saturn Astro Date
Intraday time for reversal can be at 9:18/9:53/11:14/12:59/2:34 How to Find and Trade Intraday Reversal Times
MAX Pain is at 18000 PCR at 0.9 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Maximum Call open interest of 33 lakh contracts was seen at 18100 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 Bulls were able to break 17958-17933 now waiting for an explosive move on Upside. Bears need to break 17893 . In an up trending market, if the prices break the 30 DMA & remain below it at least for 2 consecutive days, it tells us of a much greater correction (vice-versa).” Today is day3 close above 30 DMA could be a new uptrend resuming.
FII’s bought 1570 cores and DII’s bought 1577 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 !!
Understand that you will lose on more trades than you will win on; that is just part of the game. If you are the type that always has to be “right” you are going to have a hard time becoming a successful trader. The market is perpetual, it continues on no matter what you think about it with no knowledge that you exist.
Positional Traders Trend Change Level is 17841 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 18102 will act as a Intraday Trend Change Level.