Nifty EOD Analysis for 19-Oct

By | October 18, 2022 8:56 pm

FII bought 27.3 K contract of Index Future worth 2421 cores, Net OI has decreased by 1.7 K contract 4.7 K Long contract were added by FII and 22.6 K Shorts were covered by FII. Net FII Long Short ratio at 0.42 so FII used rise to enter long and exit short in Index Futures.

As Discussed In Last Analysis

I have explained the importance of today’ Astro and Gann Date and how to find it in below video. Today we have seen both Astro and Gann date combo and big rally in Nifty. Tommrow till we are above 17350 Bulls have upper hand.

For Swing Traders Bulls will get active above 17425 for a move towards 17490/17556/17621. Bears will get active below 17229 for a move towards 17163/17098/17008.

Bulls were able to do 2 target on upside ,Till we are holding 17421 bulls have upper hand. For Swing Traders Bulls will get active above 17490 for a move towards 17556/17621. Bears will get active below 17395 for a move towards 17329/17263/17196

17421 is Gann 50% level which gann has give lot of importance. Break of 17421 we will see a fast rise towards 17590. — Should be done tommrow

Intraday time for reversal can be at 9:47/10:50/11:31/12:18/1:49/2:30 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17600 PCR at 0.88 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 32 lakh contracts was seen at 17600 strike, which will act as a crucial resistance level and Maximum PUT open interest of 45 lakh contracts was seen at 17300 strike, which will act as a crucial Support level

Nifty has formed a tripple bottom at gann anble  at 17956 if its not broken we should see a higher move towards 17200/17420. — 17200 done waiting for 17420

Retailers have bought 129 K CE contracts and 75 K CE contracts were shorted by them on Put Side Retailers bought 206 K PE contracts and 102 K PE shorted contracts were added by them suggesting having BEARISH outlook.

FII bought 21.4 K CE contracts and 2.1 K CE were shorted by them, On Put side FII’s sold 43.7 K PE and 18.2 K shorted PE were covered by them suggesting they have a turned to Neutral Bias.

Nifty Oct Future Open Interest Volume is at  1.14 Cr with liquidation of 12.7 Lakh with increase in cost of carry suggesting Long positions were closed today.

NIfty Rollover cost @ 17028 and Rollover is at 73.4 % closed above it.

FII’s sold 153 cores and DII’s bought 2084 cores in cash segment.INR closed at 82.430

#NIFTY50  as per musical octave trading path can be  16565- 17044-17551 take the side and ride the move !!

Anyone can become a trader and overcome his or her fears. Provided that people are not clinically ill, they can resolve those fundamental anxieties if they are truly willing to work on themselves.

Positional Traders Trend Change Level is 17161 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 17491 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 17529 Tgt 17576, 17600 and 17626 (Nifty Spot Levels)

Sell Below 17480 Tgt 17444, 17412 and 17385 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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