Nifty Analysis as Multiple Astro date Confluence

By | November 21, 2022 11:36 pm

FII sold 8.5 K contract of Index Future worth  761 cores, Net OI has decreased by 8.6 K contract 8.6 K Long contract were covered by FII and 49  Shorts were covered by FII. Net FII Long Short ratio at 1.68 so FII used fall to exit long and exit short in Index Futures.

Nifty Swing Trade Plan based on Astro Date High and Low is as below. For Swing Traders Bulls will get active above 18426 for a move towards 18492/18531/18570/18596 . Bears will get active below 18303 for a move towards 18238/18199/18160.  — All Bearish target done. 

Another low volume day in Nifty. “Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule”should add mometum.

For Swing Trade Bulls need to move above 18170 for a move towards 18238/18306/18374 . Bears will get active below 18102 for a move towards 18034/17966/17898

Intraday time for reversal can be at 10:51/11:39/12:32/1:58/2:29    How to Find and Trade Intraday Reversal Times

MAX Pain is at 18400 PCR at 0.856  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 18400 strike, which will act as a crucial resistance level and Maximum PUT open interest of 14 lakh contracts was seen at 18000 strike, which will act as a crucial Support level

Nifty Nov Future Open Interest Volume is at  0.96 Cr with liquidation of 11.6 Lakh with decrease in cost of carry suggesting Long positions were closed today.

Retailers have bought 728 K CE contracts and 646 K CE contracts were shorted by them on Put Side Retailers bought 356 K PE contracts and 373 K PE shorted contracts were added by them suggesting having BULLISH outlook.

FII bought 22.9 K CE contracts and 50.3 K CE were shorted by them, On Put side FII’s bought 36.2 K PE and 18.3 K PE were shorted by them suggesting they have a turned to neutral Bias.

18269 above only BUlls will make a comeback, else bears can push towards 18028/17969.

FII’s sold 1593 cores and DII’s bought 1262 cores in cash segment.INR closed at 81.80

#NIFTY50  as per musical octave trading path can be 17551-18058-18595  take the side and ride the move !! 2 days in a row closed above 18058

Most of traders will see last few candles IE. MOST RECENT MARKET ACTION and try to make prediction /judgment of future  based on limited information THIS IS INTUTIVE MIND APPROACH.

Positional Traders Trend Change Level is 18195 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 18197 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18172 Tgt 18197, 18225 and 18256 (Nifty Spot Levels)

Sell Below 18125 Tgt 18108, 18085 and 18056 (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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