Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by Shorting 2227 contracts worth 239 crores, resulting in a decrease of 4913 contracts in the Net Open Interest. FIIs bought 454 long contracts and added 5698 short contracts, indicating a preference for SHorting positions .With a Net FII Long Short ratio of 0.91 , FIIs utilized the market fall to enter long positions and enter short positions in Index Futures.
We saw a big reversal in Nifty also closed above 144 Bar High negating the possiblity of short term top tommrow we have
“Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule” and SUN Conjunct Uranus Aspect so time to be a cautious as we have gann date also today as shown in below gann chart.
Uranus is a plannet of Stock Market.
US CPI data will come today evening Hedge your overnight positions, As per Neural we might see a gap down open.
Nifty again got rejected from 18300 level as we have multiple Astro date yesterday so high and low will be very important. trade plan we have discuused as below.
As per Multiple Astro Date Yesterday below is the Plan based on Intraday Ratio Indicator
Bulls need to move above 18353 for a move towards 18400/18463/18518. Bears will get active below 18219 for a move towards 18172/18109/18054/18010.
Traders may watch out for potential intraday reversals at 9:17,10:02,10:57,11:46,2:12 How to Find and Trade Intraday Reversal Times
Nifty May Futures Open Interest Volume stood at 1.08 lakh, witnessing a addition of 6.8 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of Long positions today.
Nifty Advance Decline Ratio at 27:22 and Nifty Rollover Cost is @17885 and Rollover is at 58.7 %. NIfty VOlume were lowest in the Series.
Nifty options chain shows that the maximum pain point is at 18250 and the put-call ratio (PCR) is at 1.03. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.
According To Todays Data, Retailers Have bought 98.1 K Call Option Contracts And 31.4 K Shorted Call Option Contracts Were covered by them. Additionally, They sold 599 K Put Option Contracts And 475 K Put Shorted Option Contracts were covered by them, Indicating A BULLISH Outlook.
In Contrast, Foreign Institutional Investors (FIIs) sold 44.8 K Call Option Contracts And 15.2 K Shorted Call Option Contracts Were covered by them. On The Put Side, FIIs sold 47.2 K Put Option Contracts And 67.9 K Shorted Put Option Contracts were covered by them, Suggesting They Have Turned To A BEARSIH Bias.
Nifty 50 Options Chain Analysis
The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 18300 strike, followed by 18400 strikes. On the put side, the highest OI is at the 18100 strike, followed by 18000 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 18200-18400 levels.
In the cash segment, Foreign Institutional Investors (FII) bought 1942 crores, while Domestic Institutional Investors (DII) bought 404 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 17744-18272-18800 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 18272
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For Positional Traders, The Nifty Futures’ Trend Change Level is At 18173. 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 18334, Which Acts As An Intraday Trend Change Level.