FII sold 50 contract of Index Future worth 41 cores, Net OI has increased by 14 K contract 7 K Long contract were added by FII and 7 K Shorts were added by FII. Net FII Long Short ratio at 1.7 so FII used fall to enter longs and enter shorts.
As discussed in Last AnalysisBulls now need to move above 16623 for a move towards 16688/16752, Bears below 16659 will see quick fall towards 16495/16430/16366.Based on Venus Declination we should see another big move in market in next 2 trading session. Nifty opened with gap up but venus declination showed impact and we started falling, Today we have a very important aspect which is SUN Opposition Jupiter which is also called as Dow Crash Aspect, Jupiter is larget plannet of solar system so this is a very rare aspect, so we should see another fall tommrow. 16384 is important level to watch out for , Below 16384 we can fall towards 16323/1670/16225. Bulls will have chance above 16610 for a move back to 16666/16729