Nifty Bulls on Roll How Long Will Party Continue ?

By | August 2, 2022 7:43 am

FII bought 24.2 K  contract of Index Future worth 2094 cores, Net OI has decreased by 27 K contract 25.6 K Long contract were added by FII and 1.3 K Shorts were covered  by FII. Net FII Long Short ratio at 1.96 so FII used rise to enter long and enter short in Index Futures.

Nifty is up 918 points in 4 tradign sessions and with Uranus JUpiter and Mars forming aspects as seen in below video we should see volatality coming back, Astro moves can get delayed by 1 days due to planneatry positions but what has to happen will happen. Traders who want to go Short need to wait for close below 17261 which is gann Annual Trend Change level. For Swing traders bulls need a move above 17344 for a move towards 17409/17474/17540 .Bears will get active below 17261 for a move towards 17213/17148/17083. Moon Declination tommorow first 15 mins high and low will guide for the day.

Lot of Talk of Nancy Pelosi visiting Taiwan, Any dip due to this will be bought into around 17000-17050.

Intraday time for reversal can be at  9:55/10:23/11:11/12:36/1:38/2:21     How to Find and Trade Intraday Reversal Times

MAX Pain is at 17050 PCR at 0.88 PCR below 0.87 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Nifty Aug Future Open Interest Volume is at 1.05 Cores with addition of 8.9 Lakh with increase in cost of carry suggesting Long positions were added today.

Nifty rollover cost @ 16670 and Rollover @67.7 % Closed above the rollover level suggesting bias is Bullish

Maximum Call open interest of 32 lakh contracts was seen at 17300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 21 lakh contracts was seen at 17000 strike, which will act as a crucial Support level. There is total OI of 8.2 Cr on the Call side and 6.2 Cr on the Put side. So, the activity is more on PUT side indicating Option Writers are having BULLISH Bias.

Jupiter Retrograde will end of 23 Novemeber so High 16947 and Low of 16746 will be valid till 23 November, Break of ANy side will lead to minimum 555 points move. 

FII’s bought 2320 cores and DII’s sold 822 cores in cash segment.INR closed at 79

#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 !! — 17162 done today now waiting for 17559

In Trading The rules are not the problem; it is making the rules work for you that is the problem.
For Positional Traders Stay long till we are holding Trend Change Level 17120 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 17314 will act as a Intraday Trend Change Level.


Buy Above 17360 Tgt 17399, 17424 and 17450 (Nifty Spot Levels)

Sell Below 17310 Tgt 17283, 17255 and 17225 (Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Nifty Astrology

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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