Nifty Analysis as Venus Declination at Extreme

  • FII sold 13.5 K  contract of Index Future worth 1155 cores, Net OI has increased by 1.2 K contract 6.1 K Long contract were covered by FII and 7.3 K Shorts were added by FII. Net FII Long Short ratio at 1.7 so FII used FALL to EXIT longs and ENTER Shorts.
  • As discussed in below Video when Multiple astroevent come we tend to see big move  in the market, We had Solar Eclipse, Full Moon and Moon at Perigee and we saw the impact on Nifty with a big fall. We also have important Bayers Rule becoming active today Bayer Rule 31: The trend changes when Venus in declination reached an extreme beyond 23 degrees 26 minutes 51 seconds, so do not be a blind bear be ready for a positon change as we have again taken support at gann angle as shown in below chart. Bulls need to move above 17019 for a move back to 17085/17151/17216. Bears will get active below 16888 for a move towards 16823/16757/16691.

  • MAX Pain is at 17050 PCR at 0.85 .Nifty Rollover cost @ 17538 and Rollover is at 81.8  % Highest in last 6 months.
  • Nifty Dec Future Open Interest Volume is at 1.15 Cores with addition of 3 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.
  • There is total OI of 8.7 Cores on the Call side and 3.7Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.
  • The critical quality needed to make money in this kind of market, where trends will flip on no notice is: Extreme flexibility Be prepared to flip your positions and trades with market flavour.It is always the minority which wins in the markets. So, be open for possibilities.
  • The Option Table data indicates decent support at 16800 and reasonable resistance at 17200.
  • FII’s sold 3361 cores and DII’s bought 1701 cores in cash segment.INR closed at 75.54
  • Retailers have bought 733 K CE contracts and 591 K CE contracts were shorted by them on Put Side Retailers bought 102 K PE contracts and 136 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 93.6 K CE contracts and 96.4 K CE were shorted by them, On Put side FII’s bought 44.4 K PE and 3.3 K PE were shorted by them suggesting they have a turned to BEARISH Bias.
  • We have New Moon, Moon at Perigee and Full Solar Eclipse coming on 04 Dec 3 astro event coming on same day will have an explosive move in market. — Got the Explosive move as per expectation.
  • For Positional Traders Stay long till we are holding Trend Change Level 17241 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 17088 will act as a Intraday Trend Change Level.

Buy Above 17050 Tgt 17075, 17108 and 17150 (Nifty Spot Levels)

Sell Below 17000 Tgt 16970, 16940  and 16910 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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