Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Nifty Index Futures market by Buying 9632 contracts worth 906 crores, resulting in a incease of 14344 contracts in the Net Open Interest. FIIs bought 11218 long contracts and added 2991 short contracts , indicating a preference for adding LONG and adding SHORT positions .With a Net FII Long Short ratio of 1.16 FIIs utilized the market rise to enter Long positions and enter short positions in NIFTY Futures.
As Discussed in Last Analysis Nifty did an upmove today after Double Ingress High was breached at Open and almost did 2 target on upside. VOlatlity has dried and hopefully fed meeting tommrow night can add some volatily to the market. Till Nifty is above 18631 Double Ingress High Bulls have upperhand.
Another Side ways Day with Index doing Nothing and waiting for the FOMC meeting outcome.Nifty is just 100 points away from its all time high but as explained in below video lot of supply is coming and with Banks going on sideline, We are seeing a classic bulls market with sector rotation and Index Managment and Broader Market Out peforming.Till Nifty is above 18631 BUlls have upper hand.
For Swing Traders Bulls will get active above 18636 for a move towards 18670/18707/18744/18781 Bears will get active below 18555 for a move towards 18522/18485/18449/18412. — Waiting for 18781/18848
Traders may watch out for potential intraday reversals at 9:21,10:07,11:19,12:58,2:23 How to Find and Trade Intraday Reversal Times
Nifty June Futures Open Interest Volume stood at 0.95 lakh, witnessing a addition of 5.1 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 @18407 and Rollover is at 66.8%.
Major Support for Nifty us at 18504 @ 20 SMA
Nifty options chain shows that the maximum pain point is at 18700 and the put-call ratio (PCR) is at 1.09 . 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 18700 strike, followed by 18800 strikes. On the put side, the highest OI is at the 18600 strike, followed by 18500 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 18600-18700 levels.
According To Todays Data, Retailers Have bought 800 K Call Option Contracts And 636 K Call Option Contracts Were Shorted by them. Additionally, They bought 555 K Put Option Contracts And 528 K Shorted Put Option Contracts were Shorted by them, Indicating A BULLISH Bias.
In Contrast, Foreign Institutional Investors (FIIs) bought 220 K Call Option Contracts And 172 K Call Option Contracts Were Shorted by them. On The Put Side, FIIs bought 167 K Put Option Contracts And 172 K Put Option Contracts were Shorted by them, Suggesting They Have Turned To BULLISH Bias.
In the cash segment, Foreign Institutional Investors (FII) bought 1714 crores, while Domestic Institutional Investors (DII) sold 20654 3 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 made high of 18777
In leveraged trades, it is how you manage risk that eventually decides if you hang on to your profits or proceed to lose it all. Therefore, traders who’ve built up substantial wealth from options do much more than setting stop-losses or using hedged strategies for their trades. Mindful of one-off events that can wipe out their hard-won capital, they sequester their capital in safe instruments, deploying only 10 or 20 per cent in trading at any given point in time. They also set limits of 2-3 per cent for the capital that they would bet on a single trade.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 18659. 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 18801 , Which Acts As An Intraday Trend Change Level.