Russia Ukraine War : Nifty Weekly Expiry Analysis for 03 March

By | March 2, 2022 11:14 pm

FII sold  38.8 K contract of Index Future worth 3244 cores, Net OI has increased by 29 K contract 4.9 K Long contract were covered by FII and 33.9 K Shorts were added by FII. Net FII Long Short ratio at 0.87 so FII used fall to exit long and enter short in Index Futures.

We have very important Bankruptcy Aspect tommrow Venus Conjucnt Pluto as discussed in below video, Watch for first 15 mins High and low to get the trend of the market. Follow the levels with discipline and rewards will be seen. For Swing Traders Long should be taken above 16621 for a move towards 16686/16751. Bears will get active below 16556  for a move towards 16491/16426.


Intraday time for reversal can be at 9:46/10:44/11:21/12:35/1:24/2:24  How to Find and Trade Intraday Reversal Times

MAX Pain is at 16600 PCR at 0.79  , Rollover cost @16997  closed below it. 

Nifty March Future Open Interest Volume is at 1.25 Cores with addition of 13.2 Lakh with increase in cost of carry suggesting LONG positions were added today.

Talking about supports and resistance based on OI at this stage is not quite relevant because, with the kind of Voaltality going on, no strike is safe as 1 day we are down 300 points and other day 300 point up.The option table is undergoing a real transformation – with each day one PE level is targeted with huge volumes of writing and the strike is giving way to much lower strikes.

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.

Retailers have bought 102 K CE contracts and 808 K  CE contracts were shorted  by them on Put Side Retailers bought 211 K PE contracts and 199 K  PE  contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 44.6 K CE contracts and 64.4 K CE were shorted by them, On Put side FII’s bought 34.4 K PE and 19.7 K PE were shorted by them suggesting they are having  to BULLISH Bias

FII’s sold  4338 cores and DII’s bought 3061 cores in cash segment.INR closed at 75.92 

For Positional Traders Stay long till we are holding Trend Change Level 16588 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 16573 will act as a Intraday Trend Change Level.

  Buy Above 16621 Tgt 16686, 16729 and 16787 (Nifty Spot Levels)

Sell Below 16596 Tgt 16556, 16512 and 16477 (Nifty Spot Levels)

                                                                                                                          Upper End of Expiry : 16860 

                                                                                                                          Lower End of Expiry :  16351

As always I wish you maximum health and trading success

Category: Daily Nifty50

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.

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