Nifty 50 Technical Analysis and Insights

By | April 26, 2022 7:42 am

FII sold 14.7 K contract of Index Future worth 1257 cores, Net OI has increased by 32.2 K contract 8.7 K Long contract were added by FII and 23.5 K Shorts were added by FII. Net FII Long Short ratio at 0.75 so FII used fall to enter long and  enter short in Index Futures.

Nifty has been trading in gaps for last few trading sessions and with gann and astro date combining as discussed in below video we can see good trending move in next 2 trading sessions. Today also we will open with gap up For Swing traders Bulls need to move above 17083 for a move towards 17148/17213/17278. Bears will get active below 17018 for a move towards 16953/16888.


Intraday time for reversal can be at 9:15/10:10/1:49/2:07/2:50 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17100 PCR at 0.85 , 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 May Future Open Interest Volume is at 0.35 Cores with addition of 11.5 Lakh with dincrease in cost of carry suggesting LONG positions were added today.

The Option Table data indicates decent support at 16900 and reasonable resistance at 17200 . There is total OI of8.06 Cores on the Call side and 5.77 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

FII’s sold 3302 cores and DII’s bought 1870 cores in cash segment.INR closed at 76.71 

25 April was MOon and Saturn Aspect ,High of 17054 and 16888 is valid for whole weeek Mark in on your charts and take trade on break of High and Low. 

17261 is next important level to watch out for 200-300 points move. —High made on Friday 17315 and closed below 17261 and we got our 300 points move. 

P&L is not dictated by our predictions but our trading skill And when you develop trading skills, it does not matter whether you accurately predict the top in a sector. It just matters that that sector is active. As long as it moves.

For Positional Traders Stay long till we are holding Trend Change Level 17097  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 16962 will act as a Intraday Trend Change Level.

Buy Above 17083 Tgt 17125, 17166 and 17201 (Nifty Spot Levels)

Sell Below 17018 Tgt 16985, 16955 and 16910 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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