Nifty Analysis For 06 Sep

By | September 5, 2022 9:45 pm

FII bought 12.6 K contract of Index Future worth 1111 cores, Net OI has decreased by 5 K contract 3.7 K Long contract were added  by FII and 8.8 K Shorts were covered by FII. Net FII Long Short ratio at 0.29 so FII used rise to enter long and exit  short in Index Futures.

As Discussed in Last Analysis Bulls were able to 3 target on upside , ON 04 Sep Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric). will come in effect, so we can see another volatile move tommrow and can see good trend move next week. Swing Trade Plan is Bullish above 17562 for a move towards 17629/17695, Bears will get active below 17496 for a move towards 17429/17363/17296. We got the big move as per expectation, NIfty is underperforming Bank Nifty and it can go on till 08-09 Sep when Astro cycle will change. Swing Trade Plan is Bullish above 17666 for a move towards 17731/17797/17863, Bears will get active below 17599 for a move towards 17533/17467/17401


Intraday time for reversal can be at 09:15/10:20/11:06/12:39/1:59/2:51  How to Find and Trade Intraday Reversal Times

MAX Pain is at 17700 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 35 lakh contracts was seen at 17800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 25 lakh contracts was seen at 17500 strike, which will act as a crucial Support level

Nifty Sep Future Open Interest Volume is at 1.28 Cores with addition of 0.90 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

FII bought 29.3  K CE and 12.4 K shorted CE were covered by them. Retailers bought 278 K CE and 329 K CE were shorted by them.

FII bought 35.6 K PE and 54.8 K PE were shorted by them. Retailers bought 885 K PE and 691 K PE were shorted by them.

FII’s sold  811 cores and DII’s bought 533 cores in cash segment.INR closed at 79.81

#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 !!

Trade less make more – Be picky about your trade setups and only take the best ones. The goal is to take the least amount of trades needed as over time even the best traders will lose on more trades than they win on.
For Positional Traders Stay long till we are holding Trend Change Level 17610 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 17679 will act as a Intraday Trend Change Level.


Buy Above 17685 Tgt 17719, 17756 and 17999 (Nifty Spot Levels)

Sell Below 17610 Tgt 17576, 17530 and 17500 (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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