FII sold 13.4 K contract of Index Future worth 1245 cores, Net OI has decreased by 26.9 K contract 11.6 K Long contract were covered by FII and 15.3 K Shorts were covered by FII. Net FII Long Short ratio at 0.24 so FII used fall to exit Long and exit short in Index Futures.
In what was a rare celestial event, the Moon, Venus, and Jupiter came together in a synchronized celestial dance in the skies across the world. The three heavenly bodies formed a triangle-like shape in the night sky as they came closer to each other.
Venus/Moon has good Impact on Bank also price is made low of 17455 which is near Jan Low of 17405 yesterday 23 Feb being important gann date can lead to potential Price Time Squaring and lead to strong reversal.
Swing Trader above 17587 can see move towards 17653/17719/17785. Bears will get active below 17487 for a move towards 17420/17354/17288
Intraday time for reversal can be at 9:51/10:49/11:46/12:42/2:38 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17600 PCR at 0.77 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Nifty Rollover cost @17844 and 67.6 % rollover is done.
Maximum Call open interest of 16 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 13 lakh contracts was seen at 17700 strike, which will act as a crucial Support level
FII’s sold 1417 cores and DII’s bought 1586 cores in cash segment.INR closed at 82.60
#NIFTY50 as per musical octave trading path can be 17804-17538-17274 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 17728 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 17652 will act as a Intraday Trend Change Level.