Today Nifty Prediction/Forecast, Trend, Technical Analysis

By | April 19, 2022 7:35 am

FII sold 4.7  K contract of Index Future worth 402 cores, Net OI has decreased by 1.4 K contract 3.1 K Long contract were covered by FII and 1.6 K Shorts were added by FII. Net FII Long Short ratio at 0.78 so FII used fall to exit long and  enter short in Index Futures.

As discussed in last analysis 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.  Bayers Rules worked perfectly On Wednesday we closed below first 15 mins low and yesterday we saw the big gap down. Now we have another important bayers rules as discussed in below video and also Sun Ingress combined with gann date suggesting another big move will be seen. For Swing Traders Bulls need to move above 17261 for a move towards 17329/17394/17495. Bears will have chance below 17133 for a move towards 17067/17000/16920.





Intraday time for reversal can be at 9:15/10:32/12:35/1:34/2:26 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17200 PCR at 0.9 , Rollover cost @17418 closed below 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 0.99 Cores with addition of 2.9 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.

The Option Table data indicates decent support at 17000 and reasonable resistance at 17400 . There is total OI of 8.06 Cores on the Call side and 3.77 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

FII’s sold 6387  cores and DII’s bought 3341 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. — High made on Friday 17664 and we got our 300 points move. 

17261 is next important level to watch out for 200-300 points move.

Retailers have bought 116  K CE contracts and 105 K CE contracts were shorted by them on Put Side Retailers bought 44.2 K PE contracts and 44.9 K PE shorted contracts were added by them suggesting having BULLISH outlook,On Flip Side FII bought 63.9 K CE contracts and 59 K CE were shorted by them, On Put side FII’s bought 55.4 K PE and 36.5 K PE were shorted by them suggesting they have a turned to Bearish Bias.

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 17711 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 17210 will act as a Intraday Trend Change Level.

Buy Above 17200 Tgt 17233, 17261 and 17300 (Nifty Spot Levels)

Sell Below 17166 Tgt 17140, 17108 and 17077 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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