FII sold 13.8 K contract of Index Future worth 1198 cores, Net OI has increased by 3.9 K contract 8.2 K Long contract were covered by FII and 4.2 K Shorts were added by FII. Net FII Long Short ratio at 1.43 so FII used rise to exit longs and enter shorts.
As discussed in Last AnalysisNow 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. Nifty formed an Inside bar today unable to break yesterday’s high and low but was able to close above 17972 and now waiting for the target of 18040/18107/18174. Bears will have chance below 17841 for a move back to 17774/17707/17641.
MAX Pain is at 17950 PCR at 0.95, The PCR is in the neutral zone of 0.95 Rollover Price is at 17761 OI Breakout zone 17975 closed above it.
Nifty Oct Future Open Interest Volume is at 1.26 Cores with addition of 1.2 Lakh with decrease in cost of carry suggesting LONG positions were added today.
There is total OI of 4.20 Cores on the Call side and 4.81 Cores on the Put side, So, the activity is more on the Put side, indicating option writers are bullishly confident.
The Option Table data indicates decent support at 17800 and reasonable resistance at 18100 .The option table is undergoing a real transformation – with each day one PE level is targeted with huge volumes of writing and the strike is giving way to much lower strikes.
Many people know that FII’s control the ebb and flow of the markets, but what many people do not read is the trades executed by these institutions in futures and options which have a large bearing on the immediate trend like 17604 was Rollover low and we made exact low of 17603 NF on 07 Oct and rallied
Retailers have bought 110 K CE contracts and 136 K CE contracts were shorted by them on Put Side Retailers bought 178 K PE contracts and 161 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 443 CE contracts and 7.4 K CE were shorted by them, On Put side FII’s bought 13.8 K PE and 271 PE were shorted by them suggesting they have a turned to Neutral Bias.
FII sold 278 crore and DII sold 741 cores. USD Closed at 75.59. In the equity segment, both FII and DII have been sellers for 2 day in row. FII have been relentlessly selling in equities. They have net sold approximately 5K crore so far this month still no major correction seen suggets the power of SIP flow which has crossed 10 K Cr in last month,
For Positional Traders Stay long till we are holding Trend Change Level 17775 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 17938 will act as a Intraday Trend Change Level.