Strategy for Trading in Nifty

By | February 8, 2022 12:31 am

FII sold 12.3 K contract of Index Future worth 1067 cores, Net OI has increased by 11 K contract 512 Long contract were added  by FII and 5.4 K Shorts were covered by FII. Net FII Long Short ratio at 0.59 so FII used rise to ENTER Longs and ENTER Shorts.

As discussed in below video Bank Nifty has completed the journey from 17794-17127. Now Bulls need to move above 17271 for a move back to 17325/17404/17470. Bears below 17205 can see quick fall towards 17139/17075/17007. We have seen Impact of Mercury Direction change. Now we will have Mars aspect tommorow and Mars adds lot of energy so we can  see another big move tommorow. 

Intraday time for reversal can be at  10:16/11:56/12:57/1:09/2:06  How to Find and Trade Intraday Reversal Times

MAX Pain is at 17300 PCR at 0.83, Rollover cost @17295 closed below it. 

Nifty Feb Future Open Interest Volume is at 0.99 Cores with addition of 6.5 Lakh with increase in cost of carry suggesting SHORT positions were added today.

There is total OI of 502 Cores on the Call side and 3.83 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

As per Gann,Bulls need to move above 17325 for any bullish move else all rallies will get sold into.

Retailers have bought 809 K CE contracts and 649 K  CE contracts were shorted by them on Put Side Retailers sold 905 K PE contracts and 655 K  shorted PE  contracts were covered by them suggesting having BULLISH outlook,On Flip Side FII bought 32.5  K CE contracts and 49.9 K CE were shorted by them, On Put side FII’s bought 52.3 K PE and 8.4 K shorted PE werecovered  by them suggesting they have a turned to BEARISH Bias

The Option Table data indicates decent support at 17000 and reasonable resistance at 17400 .

FII’s sold 1157 cores and DII’s sold 1376 cores in cash segment.INR closed at 74.95. 

For Positional Traders Stay long till we are holding Trend Change Level 17437 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 17305 will act as a Intraday Trend Change Level.

Buy Above 17225 Tgt 17251, 17276 and 17325 (Nifty Spot Levels)

Sell Below 17205 Tgt 17180, 17144 and 17108 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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