Nifty Analysis for 30-Nov

By | November 29, 2022 11:55 pm

FII bought 3.5 K contract of Index Future worth  339 cores, Net OI has increased by 6.3 K contract 4.9 K Long contract were added by FII and 1.3 K Shorts were added by FII. Net FII Long Short ratio at 2.68 so FII used rise to enter long and enter short in Index Futures.

Nifty has made a new all time high today after 14 months, Now Bulls need a close above 18629-18636 very very important level else we can revisit the swing low formed today 18365

Tommrow Bayrs Rule 9 will come into affect Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn. For Intraday traders first 15 mins High and LOw will guide for the day.

Bayers Rule will come into effect from tommrow as discussed in below video, and Nifty has hit 1×1 line today, We have monthly close tommrow so last 45 mins we will see volatlity.

For Swing Trade Bulls need to move above 18687 for a move towards 18766/18813/18859/18892 . Bears will get active below 18542 for a move towards 18463/18416/18370/18337.

Intraday time for reversal can be at 9:20/10:36/11:50/12:39/1:15/1:571  How to Find and Trade Intraday Reversal Times

MAX Pain is at 18600 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 42 lakh contracts was seen at 18600 strike, which will act as a crucial resistance level and Maximum PUT open interest of 35 lakh contracts was seen at 18400 strike, which will act as a crucial Support level

Retailers have bought 129 K CE contracts and 125 K CE contracts were shorted by them on Put Side Retailers bought 26.6 K PE contracts and 33.4 K PE shorted contracts were added by them suggesting having BULLISH outlook.

FII sold 24.3 K CE contracts and 12.6 K CE were shorted by them, On Put side FII’s sold 38 K PE and 9.6 K PE were shorted by them suggesting they have a turned to neutral Bias.

Nifty Dec Future Open Interest Volume is at  1.20Cr with addition of 0.71 Lakh with increase in Cost of Carry suggesting Long positions were added today. NIfty Future is in 115 points premium to Spot.

Nifty Rollover cost @18392 and Rollover % @75.1 Closed above it. 

Till Nifty is above 18485 on closing basis  Bulls will have upper hand.

FII’s bought 1241 cores and DII’s sold 744 cores in cash segment.INR closed at 81.62

#NIFTY50  as per musical octave trading path can be 18058-18595-19132  take the side and ride the move !! — 18595 done

The market will disrespect those who disrespect her. If you are unprepared, you will be punished. If you lack discipline, you will be reprimanded. The market eliminates those unworthy of participation.

Positional Traders Trend Change Level is 18651 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 18755 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18636 Tgt 18672, 18699 and 18729 (Nifty Spot Levels)

Sell Below 18585 Tgt 18555, 18525 and 18500 (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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