Will SUN Opposition Jupiter Aspect Lead to Crash in on Nifty

By | August 19, 2021 7:10 pm
  • FII sold 50 contract of Index Future worth 41 cores, Net OI has increased by 14 K contract 7 K Long contract were added by FII and 7 K Shorts were added by FII. Net FII Long Short ratio at 1.7 so FII used fall to enter longs and enter shorts.
  • As discussed in  Last Analysis  Bulls now need to move above 16623 for a move towards 16688/16752, Bears below 16659 will see quick fall towards 16495/16430/16366.Based on Venus Declination we should see another big move in market in next 2 trading session. Nifty opened with gap up but venus declination showed impact and we started falling, Today we have a very important aspect which is SUN Opposition Jupiter which is also called as Dow Crash Aspect, Jupiter is larget plannet of solar system so this is a very rare aspect, so we should see another fall tommrow. 16384 is important level to watch out for , Below 16384 we can fall towards 16323/1670/16225. Bulls will have chance above 16610 for a move back to 16666/16729
  • Total Future & Option trading volume at 113 Lakh core with total contract traded 1.28 lakh , PCR @0.96
  • Nifty August Future Open Interest Volume is at 1.26 Cores with liqudiation of 6 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @15791 closed above it. 
  • 16600 CE is having Highest OI at 30.3 Lakh, resistance at 16600 followed by 16700. 16500-16700 CE added 12 Lakh in OI so bears added in range of 16400-16500.
  • 16500 PE OI@45.8 Lakhs having the highest OI strong support at 16500 followed by 16400. 16200-16400 PE added 12 Lakh in OI so bulls addded position in range 16300-16400
  • FII’s sold 595 cores and DII’s sold 729 cores in cash segment.INR closed at 74.32

Buy Above 16623 Tgt 16660, 16696 and 16729  (Nifty Spot Levels)

Sell Below 16597 Tgt 16562, 16530 and 16498 (Nifty Spot Levels)

Category: astro nifty technicals

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

Leave a Reply