NIFTY 11 Aug Weekly Expiry Analysis

By | August 11, 2022 12:09 am

FII sold 9.8 K  contract of Index Future worth 876 cores, Net OI has decreased by 7.8 K contract 8.8 K Long contract were covered by FII and 1 K Shorts were added  by FII. Net FII Long Short ratio at 1.09 so FII used rise to exit long and enter short in Index Futures.

As Discussed in Last Analysis We are into relent less Buying  and 500 points up on NF in the week. In the last 5 trading days, FII have to add 6123  crore worth of equity buying to that – it shows that FII are adding money big time in the Indian Markets.Now we are near important zone of 17555-17576 which will again lead to 555 poits move in Nifty, For Swing Traders BUlls will get active above 17576 for a move towards 17623/17689/17755. Bears will get active below 17425 for a move towards 17359/17285/17222. We have SUN Square North Node aspect so we can see voaltile move in Nifty. With US CPI data coming better than expected another gap up open will be seen and price will be back to gann angle resistance zone of 17729-17743. Trend is firmly on Upside with just 5% from All time High we cannot say its a Bear Market Rally. We have been long and avioded any shorts in anticiapation, Always try to be Reactive trader rather than being a Predictive trader. For Swing Traders Bulls will get active above 17689 for a move towards 17755/17820/17886. Bears will get active below 17491 for a move towards 17425/17359


Intraday time for reversal can be at  9:15/9:58/11:22/12:30/1/2:06   How to Find and Trade Intraday Reversal Times

MAX Pain is at 17500 PCR at 0.98 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 1.06 Cores with liqudiation of 1.4 Lakh with decrease in cost of carry suggesting Long positions were closed today.

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

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.  — 555 Done 

Retailers have bought 533 K CE contracts and 419 K CE contracts were shorted by them on Put Side Retailers bought 241 K PE contracts and 267 K PE shorted contracts were added by them suggesting having Bullish outlook,On Flip Side FII sold 10.5 K CE contracts and 24.2 K CE were shorted by them, On Put side FII’s bought 21.9 K PE and 23.5 K shorted PE were covered by them suggesting they have a turned to neutral Bias.

FII’s bought 1061 cores and DII’s sold 768 cores in cash segment.INR closed at 79.63

#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 !! — 17559 done now waiting for 18067.

The mind is mischievous and it often is the primary cause of failures. The market is always creating noises and if a trader fails to control his inner noises, how can he listen to what the market is trying to tell him?
For Positional Traders Stay long till we are holding Trend Change Level 17317 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 17532 will act as a Intraday Trend Change Level.


Buy Above 17689 Tgt 17729, 17756 and 17800 (Nifty Spot Levels)

Sell Below 17636 Tgt 17610, 17570 and 17525  (Nifty Spot Levels)

Upper End of Expiry : 17905 

Lower End of Expiry : 17542

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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