Nifty Trade Plan for 27 July

By | July 26, 2022 11:38 pm

FII bought 10.3 K  contract of Index Future worth 923 cores, Net OI has decreased by 8.8 K contract 9.6 K Long contract were covered by FII and 765 Shorts were added by FII. Net FII Long Short ratio at 0.56 so FII used fall to exit long and enter short in Index Futures.

As Discussed in Last Analysis We have formed a perfect DOJI near gann angle and gann time cycle date as shown in below video. Tommrow will be very crucial and can see some good move in Nifty.For Swing traders bulls need a move above 16676 for a move towards 16740/16804/16869.Bears will get active below 16548 for a move towards 16483/16412. 16483 done and we have formed an evening star pattern For Swing traders bulls need a move above 16535 for a move towards 16610/16666.Bears will get active below 16434 for a move towards 16385/16323. 

Intraday time for reversal can be at  9:47/10:58/11:36/12:47/1:32/2:22    How to Find and Trade Intraday Reversal Times

MAX Pain is at 16500 PCR at 0.89 PCR below 0.87 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Nifty July Future Open Interest Volume is at 0.59 Cores with liquidation of 19.9 Lakh with decrease in cost of carry suggesting Long positions were closed today.

Nifty rollover cost @ 15801  and Rollover @66.1 % Closed above the rollover level suggesting bias is Bullish

Retailers have bought 421  K CE contracts and 316 K CE contracts were shorted by them on Put Side Retailers sold 169 K PE contracts and 85 K PE shorted contracts were covered by them suggesting having BULLISH outlook,On Flip Side FII bought 29.1 K CE contracts and 30.9 K CE were shorted by them, On Put side FII’s bought 24.1 K PE and 613 PE were shorted by them suggesting they have a turned to neutral Bias.

Maximum Call open interest of 69 lakh contracts was seen at 16600 strike, which will act as a crucial resistance level and Maximum PUT open interest of 51 lakh contracts was seen at 16400  strike, which will act as a crucial Support level. There is total OI of 13.2 Cr on the Call side and 23.2 Cr on the Put side. So, the activity is more on PUT side indicating Option Writers are having BULLISH Bias.

FII’s sold 1548 cores and DII’s bought 999 cores in cash segment.INR closed at 77.80

#NIFTY50 READY for another 500 points move in next 4 trading session as per musical octave 16108-16573-17066 take the side and ride the move !!

In trading, the objective is to win swiftly whenever possible. It is all about knowing how to handle the trade in accordance with the trading strategy and time frame.
For Positional Traders Stay long till we are holding Trend Change Level 16161 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 16529 will act as a Intraday Trend Change Level.


Buy Above 16505 Tgt 16527, 16549 and 16585 (Nifty Spot Levels)

Sell Below 16460 Tgt 16424, 16385 and 16355 (Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Daily

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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