Nifty April 2022 Monthly Expiry Analysis

By | April 27, 2022 9:30 pm

FII sold 39.5 K contract of Index Future worth 3386 cores, Net OI has increased by 813 contract 19.3 K Long contract were covered by FII and 20.1 K Shorts were added by FII. Net FII Long Short ratio at 0.49 so FII used fall to exit long and  enter short in Index Futures.

As Discussed in Last Analysis Now we might open gap down tommrow any break of 17084 can lead to big fall towards 17018/16952/16886. Bulls need to move above 17216 for a move towards 17282/17348/17414. Price is back to middle of angle support and we have two important astro dates tommrow as shown in below video so we can see explosive expiry. Bulls need to move above 17084 for a move towards 17149/17213/17278. Bears will get active below 17019 for a move towards 16954/16889/16824.


Intraday time for reversal can be at 9:54/10:44/1:00/1:51/2:48 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17100 PCR at 0.91 , 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 0.63 Cores with addition of 15.2 Lakh with decrease in cost of carry suggesting LONG positions were added today.

The Option Table data indicates decent support at 17000 and reasonable resistance at 17200 . There is total OI of 10.2 Cores on the Call side and 9.8 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

FII’s sold 4064 cores and DII’s bought 1917 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. 

Last Monthly Expiry happened at 17435 , Weekly Expiry on 17392 and we are currently trading at 17038 so Bears have upper hand as of now.

Retailers have bought 608  K CE contracts and 497 K CE contracts were shorted by them on Put Side Retailers bought 160 K PE contracts and 231 K PE shorted contracts were added by them suggesting having BULLISH outlook,On Flip Side FII bought 115 K CE contracts and 61.9 K CE were shorted by them, On Put side FII’s bought 60 K PE and 7.9 K PE were added by them suggesting they have a turned to Bearish Bias.

The most difficult thing for any trader to do is isolate the emotional part of his thinking and keep it from interfering with his trading. One of the best ways to accomplish this task is to plan and place both the entry point and price objective before you make the trade.

For Positional Traders Stay long till we are holding Trend Change Level 17116  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 17154 will act as a Intraday Trend Change Level.

Buy Above 17050 Tgt 17075, 17110 and 17144 (Nifty Spot Levels)

Sell Below 16998 Tgt 16961, 16925 and 16888 (Nifty Spot Levels)

Nifty Upper End of Expiry : 17221

Nifty Lower End of Expiry : 16854

As always I wish you maximum health and trading success

Category: Nifty Expiry Levels 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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