Mercury Inferior Conjunction Impact on Nifty

  • FII bought 5  K contract of Index Future worth 490 cores, Net OI has decreased by 4.6 K contract 171 Long contract were added by FII and 4.8  K Shorts were covered by FII. Net FII Long Short ratio at 1.79 so FII used rise to enter longs and exit shorts.
  • As discussed in Last Analysis Bulls above 14952 for a move back to 15001/15047/15099. Gann cycle which started from 7511 completing one important cycle at 15047. 08 Feb Mercury at Inferior Conjunction Mercury Ruler of Nifty suggesting High and Low will be important for the whole coming week. Low made today was 15041 and closed above 15047,Now As we have Mercury inferior conjunction today so break of today high or low can see a fall of 150-200 points in Nifty. Bulls need to move above 15170 for a move back to 15224/15289/15343. Bears below 15040 can see quick fall towards 14986/14932.
  • Intraday time for reversal can be at  9:59/10:33/11:48/12:41/1:46/2:08/2:43 How to Find and Trade Intraday Reversal Times
  • Total Future & Option trading volume at 24.9  Lakh core with total contract traded 1.23  lakh , PCR @1.03
  • Nifty Feb Future Open Interest Volume is at 1.09 Cores with liqudiation of 0.96  Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @14217 closed above it. 
  • 15200 CE is having Highest OI at 29 Lakh, resistance at 15200 followed by 15300.15000-15300 CE added 24 Lakh in OI so bears added in range of 14800-15000.FII bought 1.5 K CE and 21.5 K CE were shorted by them. Retailers bought 112 K CE and 91 K  CE were shorted by them.
  • 14800 PE OI@24.6 Lakhs having the highest OI strong support at 14800 followed by 14900. 14700-14900 PE added 28 Lakh in OI so bulls addded position in range 14700-14800.FII bought 22.9 K PE and 32.6 K PE were shorted by them. Retailers bought 180 K PE and 157 K PE were shorted by them.
  • FII’s bought 1876 cores and DII’s sold 504 cores in cash segment.INR closed at 73.10
  • Nifty Futures Trend Deciding level is 15113 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 14965  How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15143 Tgt 15170,15200 and 15224 (Nifty Spot Levels)

Sell Below 15099 Tgt 15075,15041 and 15020 (Nifty Spot Levels)

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