Nifty Analysis as Saturn Turns Direct

By | October 12, 2021 7:29 am

  • FII bought 14.7 K contract of Index Future worth 1372 cores, Net OI has increased by 6.2 K contract 10.5 K Long contract were added by FII and 4.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.78 so FII used rise to enter longs and exit shorts.
  • As discussed in Last Analysis  Now Bulls need to move above 17830 for a move towards 17897/17964/18031. Bears will get active below 17750 for a move towards 17685/17611.  All Bullish target done as low made was 17839 and we got good move after RBI Policy as Saturn and Bayers dates showed impact. Now Mondays High and Low are important for next move of 200-250 points in Nifty. Saturn is an outer plannet and it impacts long term cycle on market as discussed in below video. Bulls need to close above 17972 for a move towards 18040/18107/18174. Bears will have chance below 17841 for a move back to 17774/17707/17641

  • MAX Pain is at 17900 PCR at 0.83 Rollover Price is at 17761 OI Breakout zone 17975. 
  • Nifty Oct Future Open Interest Volume is at 1.24 Cores with liqudiation of 2.3Lakh with increase in cost of carry suggesting LONG positions were closed today.
  • There is total OI of 4.18 Cores on the Call side and 4.61 Cores on the Put side, More on PE side suggesting bullish underlying.
  • The Option Table data indicates decent support at 17800 and reasonable resistance at 18100 . FII sold 2000 cores worth of options today we can be in for a range bound move for next 2 days.
  • Nifty has hit 18000 today here is the timeline of 1000 points move in Nifty                                                          10k to 11k took 6 month
    11000 to 12000  took 16 months
    12k to 13k took 18 months
    13k to 14k took 1 months
    14k to 15k took 1 months
    15k to 16k took 6 months
    16k to 17k  took  28 Days                                                                                                                                           17000 to 18000  took  41 Days
  • Retailers have bought 84 K CE contracts and 110 K CE contracts were shorted by them on Put Side Retailers bought 472 K PE contracts and 399 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 47.2 K CE contracts and 40 K CE were shorted by them, On Put side FII’s bought 30.5 K PE and 59 K PE were shorted by them suggesting they have a turned to Neutral Bias.
  • FII sold 1303 crore and DII sold 373 cores. USD Closed at 75.48. In the equity segment, both FII and DII have been sellers. However, not in large volumes, but look just sufficient enough to induce the fall in last 1 hour.
  • For Positional Traders Stay long till we are holding Trend Change Level 17754 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 17990 will act as a Intraday Trend Change Level.

Buy Above 17972 Tgt 17999, 18040 and 18090 (Nifty Spot Levels)

Sell  Below  17907 Tgt 17875, 17842 and 17810 (Nifty Spot Levels)

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