Nifty 24 Nov Monthly Expiry Analysis

By | November 24, 2022 8:15 am

FII bought 2.8 K contract of Index Future worth  282 cores, Net OI has decreased by 5.5 K contract 11.1 K Long contract were added by FII and 8.3 K Shorts were added by FII. Net FII Long Short ratio at 2.02 so FII used rise to enter long and enter short in Index Futures.

Another sideways day and low volume tommrow Jupiter is going Direct so we can see range expnasion in NIfty.

Nifty moved as discussed in video and price moved up we also saw the impact of Jupiter Direct and we will see another gap up open today. 18312 is Mercury Ingress level and Bulls needs a 15 mins close above it for a move towards 18400.

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. — 18306 done now waiting for 18374/18444.

Intraday time for reversal can be at 9:51/11:31/12:41/1:48/2:21   How to Find and Trade Intraday Reversal Times

MAX Pain is at 18400 PCR at 0.85  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 42 lakh contracts was seen at 18400 strike, which will act as a crucial resistance level and Maximum PUT open interest of 24 lakh contracts was seen at 18200 strike, which will act as a crucial Support level

Nifty Nov Future Open Interest Volume is at  0.81 Cr with liquidation of 14.5 Lakh with decrease in cost of carry suggesting Long positions were closed today.

Retailers have bought 261 K CE contracts and 227 K CE contracts were shorted by them on Put Side Retailers 259 K PE contracts and 326 K PE shorted contracts were added by them suggesting having NEUTRAL outlook.

FII bought 98 K CE contracts and 42 K CE were shorted by them, On Put side FII’s bought 81.9 K PE and 315 PE were shorted by them suggesting they have a turned to BEARISH Bias.

18263 above only BUlls will make a comeback, else bears can push towards 18028/17969.

FII’s sold 789 cores and DII’s bought 413 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 !!

Most Of The Money You Will Earn Trading Will Be Easy Money. You Will See Something On Your Screen That Signals A Great Trading Opportunity For You And You Will Pounce. But These Great Opportunities Present Themselves Only Because You Have Watched Your Stock(S) And Gathered Valuable Information

Positional Traders Trend Change Level is 18203 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 18305 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18323 Tgt 18358, 18392 and 18424 (Nifty Spot Levels)

Sell Below 18233 Tgt 18200, 18166 and 18133 (Nifty Spot Levels)

Upper End of Expiry : 18461

Lower End of Expiry : 18184 

As always I wish you maximum health and trading success

Category: Nifty Weekly Expiry Nifty50

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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