Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Nifty Index Futures market by Buying 3978 contracts worth 387 crores, resulting in a decrease of 4426 contracts in the Net Open Interest. FIIs sold 2355 long contracts and covered 5334 short contracts , indicating a preference for covering LONG and covering SHORT positions .With FII Long Short Ratio @91% FII’s are heavily long in market , FIIs utilized the market rise to exit Long positions and exit short positions in NIFTY Futures.
Nifty formed an Inside Bar Pattern after Friday Outside Bar on Mars Ingress day and today being Mercury Ingress potential double ingress so we will see an explosive move in next 2 days, Tommrow we have 2 Aspect with North Node (Mercury Square North Node Mars Trine North Node) suggesting we can start seeing volatile mode, As NOrth Node/Rahu tend to create volatlity in the market.
Nifty Trade Plan Bulls will get active above 19440 for a move towards 19490/19544/19599/19653. Bears will get active below 19325 for a move towards 19272/19218/19164.
Traders may watch out for potential intraday reversals at 9:15,11:16,12:50,1:49,2:19 How to Find and Trade Intraday Reversal Times
Nifty July Futures Open Interest Volume stood at 1.03 lakh, witnessing a liquidation of 1.8 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a closing of LONG positions today.
Nifty Advance Decline Ratio at 16:34 and Nifty Rollover Cost is @18884 and Rollover is at 69.7 %.
Nifty options chain shows that the maximum pain point is at 19400 and the put-call ratio (PCR) is at 0.92. 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 19500 strike, followed by 19600 strikes. On the put side, the highest OI is at the 19300 strike, followed by 19200 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 19500-19300 levels.
In the cash segment, Foreign Institutional Investors (FII) bought 588 crores, while Domestic Institutional Investors (DII) bought 288 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 18890-19452-20014 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 below 19452.
With every trade I imagine that this will be my worst trade ever. And I think about it beforehand, how much of my money I want to lose with it
For Positional Traders, The Nifty Futures’ Trend Change Level is At 19367 . 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 19427 , Which Acts As An Intraday Trend Change Level.