Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Nifty Index Futures market by Buying 11483 contracts worth 1082 crores, resulting in a increase of 4375 contracts in the Net Open Interest. FIIs bought 8362 long contracts and covered 4193 short contracts , indicating a preference for adding LONG and covering SHORT positions .With a Net FII Long Short ratio of 1.22 FIIs utilized the market rise to enter Long positions and exit short positions in NIFTY Futures.
As Discussed in Last Analysis Nifty has formed Outside Bar Pattern today till price is above 18631-18604 Bulls have upper hand ,Price action of Reliance can help in getting the next move as Jamnagar Refinery can get Impacted by Biporjoy cyclone and we can see a panic reaction.
We will be Saturn Retrograde Impact on Saturday so Monday we can see gap opening so carry overnight position with Hedge.
Nifty saw a rally but failed to close above its all time high of 18888. We have important astro events happening on Weekend
- Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.
- NEW MOON
- SATURN RETROGRADE
Monday First 15 mins High and Low will guide for the day.
Nifty has formed an Outside Bar Pattern Bears need to break 18666 for a move towards 18606/18544/18481. Bulls need to move above 18731 for a move towards 18765/18842/18890. — 18856 done Waiting for 18919/18981.
Traders may watch out for potential intraday reversals at 9:39,11:15,12:43,1:36,2:48 How to Find and Trade Intraday Reversal Times
Nifty June Futures Open Interest Volume stood at 0.97 lakh, witnessing a addition of 2.4 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.
Nifty Advance Decline Ratio at 38:11 and Nifty Rollover Cost is @18407 and Rollover is at 66.8%.
Major Support for Nifty us at 18563 @ 20 SMA
Nifty options chain shows that the maximum pain point is at 18800 and the put-call ratio (PCR) is at 0.91 . 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 18800 strike, followed by 18900 strikes. On the put side, the highest OI is at the 18700 strike, followed by 18600 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 380 K Call Option Contracts And 671 K Call Option Contracts Were Shorted by them. Additionally, They bought 157 K Put Option Contracts And 141 K Shorted Put Option Contracts were Shorted by them, Indicating A BEARISH Bias.
In Contrast, Foreign Institutional Investors (FIIs) bought 232 K Call Option Contracts And 168 K Call Option Contracts Were Shorted by them. On The Put Side, FIIs bought 245 K Put Option Contracts And 293 K Put Option Contracts were Shorted by them, Suggesting They Have Turned To BULLISH Bias.
In the cash segment, Foreign Institutional Investors (FII) bought 794 crores, while Domestic Institutional Investors (DII) bought 681 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 closed above 18800 can head towards 19359
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 18679 . 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 18870, Which Acts As An Intraday Trend Change Level.