NIFTY Analysis for 26 Aug

By | August 26, 2022 7:59 am

FII sold 22.4 K contract of Index Future worth 2010 cores, Net OI has decreased by 58.4 contract 36.3 K Long contract were covered by FII and 22 K Shorts were covered by FII. Net FII Long Short ratio at 0.54 so FII used fall to exit long and exit short in Index Futures.

As Discussed in Last Analysis   Gann Rule Worked perfectly as price bounded from gann angle and now we have Uranus Retrograde tommrow and we have discussed the important in below video, For Swing Traders Bulls need to move above 17608 for a move towards 17674/17740/17806. Bears will get active below 17476 for move towards 17411/17345.

We got the big move post 2 PM and again formed an Outside Bar Pattern . Tommrow we have important Bayers Rules coming  Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes.

so watch out for 15 mins high and low to trade the day. For Swing Traders Bulls need to move above 17593 for a move towards 17659/17728 Bears Will get active below 17460 for a move towards 17393/17327


Intraday time for reversal can be at 10:59/11:58/12:56/2:14/2:50  How to Find and Trade Intraday Reversal Times

MAX Pain is at 17600 PCR at 0.86 PCR below 0.87 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Maximum Call open interest of 51 lakh contracts was seen at 17700 strike, which will act as a crucial resistance level and Maximum PUT open interest of 58 lakh contracts was seen at 17500 strike, which will act as a crucial Support level

Nifty Sep Future Open Interest Volume is at 1.06 Cores with addition of 22 Lakh with increase in cost of carry suggesting Long positions were added today.

Nifty rollover cost @ 17655 and Rollover @76.6 % Closed above the rollover level suggesting bias is Bullish

Nifty Sep Future Premium is Highest in 2022 Last time it was such High was in April 2022 when we had  the Major Fall so keep strict SL. Also today we have seen Very High Volume in NF.

FII’s bought 369 cores and DII’s sold 334 cores in cash segment.INR closed at 79.92

#NIFTY50 READY for another 500 points move in next 4 trading session as per musical octave 18058- 17551-17044 take the side and ride the move !!

Trading Requires supreme Skills of being Flexible of getting in and out of trade without caring about Money.
For Positional Traders Stay long till we are holding Trend Change Level 17703 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 17703 will act as a Intraday Trend Change Level.


Buy Above 17607 Tgt 17640, 17676 and 17000(Nifty Spot Levels)

Sell Below 17500 Tgt 17470, 17424 and 17385 (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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