Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Index Futures market by Buying 21716 contracts worth 1982 crores, resulting in a increase of 23658 contracts in the Net Open Interest. FIIs bought 22687 long contracts and added 971 short contracts, indicating a preference for added positions in Long and Short. With a Net FII Long Short ratio of 1.04, FIIs utilized the market rise to enter long positions and enter short positions in Index Futures.
Nifty has made bottom on 20 March at 16828 and High made today was 18180 Nifty has rallied 1352 points in 43 calendar days. VIX has seen rise of 10% today, We have 2 Important Aspect Forming tommrow
- Jupiter 51 Saturn — Impact Long term cycle
- Venus Semi Square Mercury– Useful for Short term trend change
We have discussed Importance of Both Aspects with Nifty forming NR7 pattern pre FOMC suggesting we can see big volatile move in next 2 trading sessions. For Bears to become active price need to close below 18025 on 15 mins time frame for a move towards 17900 . Price has reached 1×2 Gann Angle as shown in below chart.
For Swing Traders Break of 18101 can see a fall towards 18062/18023/17984/17944. Bulls will get active above 18181 for a move towards 18219/18258/18298/18337
Traders may watch out for potential intraday reversals at 9:20,10:03,11:51,1:32,2:26 How to Find and Trade Intraday Reversal Times
Nifty May Futures Open Interest Volume stood at 0.95 lakh, witnessing a addition of 8.3 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of Long positions today.
Nifty Rollover Cost is @17885 and Rollover is at 58.7 %
Nifty options chain shows that the maximum pain point is at 18100 and the put-call ratio (PCR) is at 0.95. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.
Nifty 50 Options Chain Analysis
The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 18200 strike, followed by 18300 strikes. On the put side, the highest OI is at the 18000 strike, followed by 17800 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 18000-18300 levels.
In the cash segment, Foreign Institutional Investors (FII) bought 1997 crores, while Domestic Institutional Investors (DII) sold 394 crores.
Traders who follow the musical octave trading path may find valuable insights in predicting Nifty’s movements. According to this path, Nifty may follow a path of 17882-18150 This means that traders can take a position and potentially ride the move as Nifty moves through these levels.Of course, it’s important to keep in mind that trading is inherently risky and market movements can be unpredictable. Price has come near 18150
You need to absorb losses if you cannot absorb string of loss how you can really last in this kind of business.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 18218 . Going Long Or Short Above Or Below This Level Can Help Them Stay On The Same Side As Institutions, With A Higher Risk-reward Ratio. Intraday Traders Can Keep An Eye On 18071, Which Acts As An Intraday Trend Change Level.