Nifty 01 Sep Weekly Expiry Analysis

By | September 1, 2022 9:10 am

FII sold 13 K contract of Index Future worth 1122 cores, Net OI has increased by 9.2 K contract 8 K Long contract were added by FII and 11.3 K Shorts were covered by FII. Net FII Long Short ratio at 0.76 so FII used rise to enter long and exit  short in Index Futures.

As Discussed in Last Analysis Nifty had important gann and astro date today as discussed in below video.Nifty has taken support at 30 SMA Today,  Swing Trade Plan is Bullish above 17362 for a move towards 17428/17493/17559/17624, Bears will get active below 17248 for a move towards 17182/17116/17050. We  have Monthly close tommrow Bulls will try to close between 17399-17486. 31 is trading Holiday on account of Ganesh Chaturthi. Market generally reaming Bullish during Ganesh Chaturthi. All Bullish target done For the past 4-5 days, we are having highly volatile days with swings on both sides – but the net result is minimal. Today again we will see gap down of 275-300 points,Swing Trade Plan is Bullish above 17511 for a move towards17577/17644/17711, Bears will get active below 17377 for a move towards 17311/17244.

Intraday time for reversal can be at 09:33/10:31/11:4412:47/1:39/2:25  How to Find and Trade Intraday Reversal Times

MAX Pain is at 17600 PCR at 0.81 PCR below 0.85 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Maximum Call open interest of 55 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 58 lakh contracts was seen at 17200 strike, which will act as a crucial Support level

Nifty Sep Future Open Interest Volume is at 1.16 Cores with addition of 5.3 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

Retailers sold 679 K CE contracts and 439 K shorted CE contracts were covered by them on Put Side Retailers bought 105 K PE contracts and 854 K PE shorted contracts were added by them suggesting having Bearish Bias.

FII bought 13.5  K CE contracts and 27.3 K CE were shorted by them, On Put side FII’s bought 92 K PE and 38 K PE were shorted by them suggesting they have a turned to Bearish Bias.

FII’s bought 4165 cores and DII’s sold  656 cores in cash segment.INR closed at 79.75 

#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 !!

In volatile conditions, a trader’s account value gets hurt far less than his psyche. It’s important to make logical, calm decisions in the midst of despair following a mistake or a big loss. Those moments tend to be the very turning points that magnify account value.
For Positional Traders Stay long till we are holding Trend Change Level 17603 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 17664  will act as a Intraday Trend Change Level.


Buy Above 17515 Tgt 17551, 17589 and 17666 (Nifty Spot Levels)

Sell Below 17485 Tgt 17444, 17400 and 17355 (Nifty Spot Levels)

Upper End of Expiry : 17671 

Lower End of Expiry : 17328 

As always I wish you maximum health and trading success

Category: Nifty Weekly Expiry 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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