Autumnal Equinox : Nifty Analysis

By | September 22, 2022 11:50 pm

FII sold 26.5 K  contract of Index Future worth 2437 cores, Net OI has increased by 29.5 K contract 1.4 K Long contract were covered  by FII and 28 K Shorts were added  by FII. Net FII Long Short ratio at 0.40 so FII used rise to enter long and enter short in Index Futures.

As Discussed in Last Analysis   For Swing Traders Bulls will get active above 17825 for a move towards 17891/17957/18000/18057. Bears will get active below 17651 for a move towards 17584/17517/17450
High made was 17722 so bears got a chance at 17651 and did 1 target on downside,  Jupiter Saturn Aspect as both are outer plannet take 1-2 days to show its impact. Also tommrow we have Sun Conjunct Retrograde Mercury and Autumnal Equinox
which is again a powerful aspect it happens 6 times in a year and lead to good turning point.
For Swing Traders Bulls will get active above 17693 for a move towards 17759/17825/17891/17957 . Bears will get active below 17584 for a move towards 17517/17450/17383



Intraday time for reversal can be at 9:55/10:38/11:01/12:48/1:20/2:46   How to Find and Trade Intraday Reversal Times

MAX Pain is at 17800 PCR at 0.86 PCR below 0.78 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Maximum Call open interest of 52 lakh contracts was seen at 17800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 45 lakh contracts was seen at 17600 strike, which will act as a crucial Support level

Nifty Sep Future Open Interest Volume is at 1.01 Cores with liquidation of 1.98 Lakh with increase in cost of carry suggesting Long positions were closed today.

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

FII’s sold 2509 cores and DII’s bought  263 cores in cash segment.INR closed at 80.96

#NIFTY50 READY for another 500 points move as per musical octave 18595 – 18058 -17551 take the side and ride the move !!

New traders often enter trading with beliefs about trading and the markets that simply do not apply to the realities of trading. This is why new traders get into trades and can’t get out or don’t know when to take profits or get out at the bottom and get in at the top of markets.

Positional Traders Trend Change Level is 17740 on Futures go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. Intraday Traders 17758 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 17666 Tgt 17699, 17729 and 17763  (Nifty Spot Levels)

Sell Below 17600 Tgt 17575, 17533 and 17500 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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