Nifty Analysis as Mars Goes Ingress

By | September 14, 2021 6:24 am

  • FII  sold 7.2 K contract of Index Future worth 646 cores, Net OI has increased by 5.4 K contract 871 Long contract were covered by FII and 6.3 K Shorts were added by FII. Net FII Long Short ratio at 1.5 so FII used fall to enter longs and enter shorts.
  • Price is creating resistance at gann angles finding is diffcult to cross. As we have culimation of astro/Gann dates we can expect a good trending move. Bulls need to break 17400 for a move towards17444/17508/17576. Bears will get active below 17301 for a move towards 17239/17173/17107/17042.

  • A flat day. Though the trading volumes are high, not much changes are visible either in the FII activity on Nifty Future OI. It is a pause day before both the bulls and bear camps plan their next course of action. Culmination of  Astro Dates Mars going Ingress on 14 should act as a trigger for big move.
  • Nifty Sep Future Open Interest Volume is at 1.44 Cores with liquidation of 3.1 Lakh with increase in cost of carry suggesting SHORT position were covered today.
  • There is total OI of 3.7 Cores on the Call side and 4 Cores on the Put side. More OI on PUT side suggesting Bullish sentiment in market players.
  • The Option Table data indicates decent support at 17200 and reasonable resistance at 17500.
  • Retailers have bought 531 K CE contracts  and Sold 534 K CE contracts on Put Side Retailers bought 407 K PE contracts and 423 K PE contracts were shorted by them suggesting having bearish outlook,On Flip Side FII bought 71.2K CE contracts and 77.9 K CE were shorted by them, On Put side FII’s bought 35 K PE and 35.8 K PE were shorted by them suggesting they have a turned to neutral Bias.
  • FII bought 1419 crore and DII sold 559 cores. USD Closed at 73.84
  • For Positional Traders Stay long till we are holding Trend Change Level 17138 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 17328 will act as a Intraday Trend Change Level. 

Buy Above 17380Tgt 17400, 17424 and 17460 (Nifty Spot Levels)

Sell Below 17323 Tgt 17290, 17255 and 17225(Nifty Spot Levels)

Leave a Reply