FII bought 12.9 K contract of Index Future worth 1173 cores, Net OI has decreased by 7.9 K contract 2.4 K Long contract were added by FII and 10.4 K Shorts were covered by FII. Net FII Long Short ratio at 0.46 so FII used rise to enter long and exit short in Index Futures.
Intraday time for reversal can be at 9:20/10:08/11:05/12:49/1:20/2:44 How to Find and Trade Intraday Reversal Times
MAX Pain is at 17700 PCR at 0.81 PCR below 0.78 and above 1.3 lead to trending moves, and in between leads to range bound markets.
Maximum Call open interest of 32 lakh contracts was seen at 17800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 25 lakh contracts was seen at 17400 strike, which will act as a crucial Support level
Nifty Sep Future Open Interest Volume is at 1.10 Cores with liquidation of 5.3 Lakh with increase in cost of carry suggesting Long positions were closed today.
Nifty rollover cost @ 17655 and Rollover @76.6 % Closed above the rollover level suggesting bias is Bullish
FII’s bought 312 cores and DII’s sold 94 cores in cash segment.INR closed at 79.81
Retailers have bought 22.5 K CE contracts and 73 K CE contracts were shorted by them on Put Side Retailers bought 540 K PE contracts and 425 K PE shorted contracts were added by them suggesting having Bearish outlook.
FII sold 65.1 K CE contracts and 60 K shorted CE were covered by them, On Put side FII’s sold 1.9 K PE and 33.5 K PE were shorted by them suggesting they have a turned to neutral Bias.
#NIFTY50 READY for another 500 points move as per musical octave 18595 – 18058 -17551 take the side and ride the move !!
You can’t try to be a disciplined trader. You must be a disciplined person to be a disciplined trader. Trading is a reflection of your personal Life. A Trader cannot become a profitable trader until he becomes a more disciplined person.