FII bought 6.1 K contract of Index Future worth 638 cores, Net OI has increased by 8 K contract 7 K Long contract were covered by FII and 919 Shorts were added by FII. Net FII Long Short ratio at 0.22 so FII used fall to enter Long and enter short in Index Futures.
As Discussed in Last Analysis Nifty Falls for 9 Days in Row, when last time it happened we have discussed in below video. Price continue to hold 1×1 gann angle but closed below the 200 DMA.
Swing Trader above 17354 can see move towards 17420/17487/17553. Bears will get active below 17288 for a move towards 17221/17166/17089 — Waiting for 17487/17553
Price bounced for 1×1 gann angle as shown below Gann Chart . Mercury Ingress is happening tommrow so we can see Bumper expiry.Watch for first 15 mins to get the trend for the day.
Intraday time for reversal can be at 9:18/10:24/12:39/1:43/2:41 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17450 PCR at 0.92 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05.
Retailers have sold 375 K CE contracts and 123 K CE contracts were shorted by them on Put Side Retailers bought 999 K PE contracts and 840 K PE shorted contracts were added by them suggesting having BEARISH outlook.
FII sold 17.1 K CE contracts and 45 K CE were shorted by them, On Put side FII’s bought 85.8 K PE and 92.2 K PE were shorted by them suggesting they have a turned to neutral Bias.
Nifty Rollover cost @17844 and 67.6 % rollover is done.
Nifty 50 Options Chain Analysis
The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 17,500 strike, followed by 17,600 strikes. On the put side, the highest OI is at the 17300 strike, followed by 17200 strikes. This suggests that the market participants are expecting Nifty 50 to remain range-bound between 17300-17500 levels on Nifty 02 March 2023 Weekly Expiry
FII’s sold 424 cores and DII’s bought 1498 cores in cash segment.
#NIFTY50 as per musical octave trading path can be 17804-17538-17274 take the side and ride the move !!
Most of all, you should learn how to be the master of fear! This will make your trading huge improve. It will give you the peace of mind and perseverance you need to to act relaxed in the long term and to be even more successful in the markets want.
Positional Traders Trend Change Level is 17528 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 17502 will act as a Intraday Trend Change Level.