Nifty 30 Sep RBI Policy Trade Plan

By | September 30, 2022 9:27 am

FII sold 11.5  K  contract of Index Future worth 1007 cores, Net OI has increased by 56.6 K contract 39.5 K Long contract were covered by FII and 17 K Shorts were covered by FII. Net FII Long Short ratio at 0.15 so FII used rise to enter long and enter short in Index Futures.

Jupiter 45 Saturn happened on 21 Sep and that was the top of Bank Nifty and we had a brutal fall in 5 trading session.
Venus is going Ingress tommrow so watch out for first 15 mins High and low to capture the trend on Expiry day. Currency Trades also can see good move on downside We have see How GBPINR moved today.
Top for the day was made of first 15 mins high and shorts almost got all the target. So astro worked perfectly. Now as we have multiple events today and price is near gann angle and market is oversold near an important event so any positive news can lead to spike in price as we look at FNO Data Longs are around 13% and Shorts are 87%, Shorts at the highest levels at the start of a series, At start of July 2022 series shorts were at 85% and in Aug month bank nifty did an upmove of 5%. Price always follow path of least resistance.
For Swing Traders Bulls will get active above 16853 for a move towards 16918/16983/17047. Bears will get active below 16717 for a move towards 16652/16585/16512

Intraday time for reversal can be at 9:23/10:44/11:42/12:22/1:14/2:30   How to Find and Trade Intraday Reversal Times

MAX Pain is at 17000 PCR at 0.75 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 12 lakh contracts was seen at 17000 strike, which will act as a crucial resistance level and Maximum PUT open interest of 12  lakh contracts was seen at 16500 strike, which will act as a crucial Support level

Nifty Oct Future Open Interest Volume is at 1.14 Cores with addition of 31 Lakh with increase in cost of carry suggesting Long positions were added today.

NIfty Rollover cost @ 17028 and Rollover is at 73.4 %.

FII’s sold 3599 cores and DII’s bought  3161 cores in cash segment.INR closed at 81.82

#NIFTY50 READY for another 500 points move as per musical octave 16565- 17044-17551 take the side and ride the move !!

The pain of being wrong seems to increase exponentially in relation to the size of the position. If we normally trade one lots and now we are trading twos, the degree of difficulty in acting quickly when we are wrong is not twice but perhaps five times as great. Herein lies the magic that seems to cast its spell on each traderís psyche. The pain to our ego is in proportion to the size of trades. Avoidance of pain is what keeps us from acting fast. Losing that fear is the key to success. We must trust the process.

Positional Traders Trend Change Level is 16902 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 16902 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 16850 Tgt 16888, 16925 and 16975 (Nifty Spot Levels)

Sell Below 16743 Tgt 16710, 16666 and 16633 (Nifty Spot Levels)

As always I wish you maximum health and trading success

Category: Daily RBI Policy

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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