Gann Price Time Squaring: Nifty Analysis

By | December 28, 2021 8:00 am

  • FII bought 664  contract of Index Future worth 55 cores, Net OI has decreased by 2 K contract 701  Long contract were covered by FII and 1.3 K Shorts were covered by FII. Net FII Long Short ratio at 1.98 so FII used RISE to EXIT longs and EXIT Shorts.
  • Nifty opened with gap down based on Weekend News on RBL made low for the day in 15 mins and rallied. Classic Case of Bottom are done on Bad News and Tops are done on Good News. Nifty is  completing 225 trading days from Jan 29 Bottom and price near important leve of 17100, So Price and time both are confluencing.Bulls need to move above 17154-17157 can see move towards 17222/17287/17352. Bears below 17027 for a move back to 16962/16898/16833

  • MAX Pain is at 17050 PCR at 0.85
  • Nifty Dec Future Open Interest Volume is at 0.84 Cores with liquidation of 9.7 Lakh with increase in cost of carry suggesting LONG positions were closed today.
  • There is total OI of 7.4 Cores on the Call side and 8.6 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are  in BULLISH zone.
  • Its been a Choppy trade in past few trading sessions with volatile move coming both sides, and seeing swing in MTM can drain a trader emotionally. But thats the Job of trader to pass tough times with less loss and sit tight when trending move is coming.
  • The Option Table data indicates decent support at 17000 and reasonable resistance at 17200.
  • FII’s bought 1038 cores and DII’s bought 995 cores in cash segment.INR closed at 75.01
  • Retailers have bought 87 K CE contracts and 185 K shorted CE contracts were shorted by them on Put Side Retailers bought 664 K PE contracts and 582 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 110 K CE contracts and 30 K CE were shorted by them, On Put side FII’s bought 80.1 K PE and 72.8 K PE were shorted by them suggesting they have a turned to BULLISH Bias.
  • Nifty Needs a close above 17154-17178 high of last week and hammer pattern to show it effect for a rally towrds 17325-17384.FII’s have bought options worth 7943 cores so we should see trending move soon. 
  • For Positional Traders Stay long till we are holding Trend Change Level 16972 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 17017 will act as a Intraday Trend Change Level.

Buy Above 17150 Tgt 17187, 17225 and 17250 (Nifty Spot Levels)

Sell Below 17048 Tgt 17010, 16972 and 16950 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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