Nifty 13 April Weekly Expiry Analysis

By | April 12, 2022 7:45 pm

FII sold 17.5 K contract of Index Future worth 1528 cores, Net OI has Increased by 4.2 K contract 2.9 K Long contract were covered by FII and 10.8 K Shorts were added by FII. Net FII Long Short ratio at 1.15 so FII used fall to exit long and  enter short in Index Futures.

As discussed in last analysis For Swing Traders Bulls need to move above 17733 for a move towards 17799/17865/17932. Bears will have chance below 17642  for a move towards 17575/17505/17442. Bears were able to do all target on downside and saw a decent bounce from our final target of 17442, Low made for the day was 17442. Tommrow we will have Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes. so first 15 mins high and low will decided the trend of the day. We are back to gann angle support zone as shown below, For Swing Traders Bulls need to move above 17640 for a move towards 17706/17772/17838. Bears will have chance below 17508 for a move towards 17442/17385/17323.  Also tommrow is last trading day as next 2 days are trading holidays.





Intraday time for reversal can be at 9:33/10:54/1:11/1:59/2:55 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17600 PCR at 0.82 , Rollover cost @17418 closed above it. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Nifty April Future Open Interest Volume is at 0.92 Cores with addition of 1.25 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.

The Option Table data indicates decent support at 17500 and reasonable resistance at 17700 . There is total OI of 7.66 Cores on the Call side and 6.85 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

FII’s sold 3128 cores and DII’s bought 870 cores in cash segment.INR closed at 76.23. 

06 April was Mars and Saturn Aspect ,High of 18095 and 17921 is valid for whole year Mark in on your charts and take trade on break of High and Low. 

17689 important level to watch will give us 250-300 points move.

Retailers have bought 342 K CE contracts and 261 K CE contracts were shorted by them on Put Side Retailers bought 267 K PE contracts and 224 K PE shorted contracts were added by them suggesting having BEARISH outlook,On Flip Side FII sold 26.5 K CE contracts and 1.1 K CE were shorted by them, On Put side FII’s bought 29.9 K PE and 2.6 K PE were shorted by them suggesting they have a turned to Neutral Bias as overall FII’s figure as negative seems they have created Put Spread.

A great trader is able to think clearly from start to finish, and while there may be some mild irritation (enduring pullbacks), minor impatience (if the position stagnates), or slight satisfaction (as the trade begins to work), they avoid letting those emotions drive their behavior. They truly do stick with their plan, making modifications to it not on a whim, but only when absolutely necessary.

For Positional Traders Stay long till we are holding Trend Change Level 17781 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 17563 will act as a Intraday Trend Change Level.

Buy Above 17610 Tgt 17640, 17666 and 17699 (Nifty Spot Levels)

Sell Below 17500 Tgt 17475, 17450 and 17425 (Nifty Spot Levels)

Upper End of Expiry : 17827

Lower End of Expiry : 17492

As always I wish you maximum health and trading success

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