Nifty 01 Dec Weekly Expiry Analysis

By | November 30, 2022 11:03 pm

FII bought 11.7 K contract of Index Future worth  1109 cores, Net OI has increased by 2.5 K contract 7.1 K Long contract were added by FII and 4.5 K Shorts were covered by FII. Net FII Long Short ratio at 3 so FII used rise to enter long and exit short in Index Futures.

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.

We saw the impact of last 45 min move due to MSCI rebalacing , Bank Nifty did underperformance today as compared to Nifty.

Tommorow we have important bayers rule coming into effect so first 15 mins High and Low will guide for Intraday.

Bayer Rule 30: The trend changes when Venus in declination passes the extreme declination of the Sun.

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. — 2 Target done.

Intraday time for reversal can be at 10:49/11:16/12:39/1:31/2:28  How to Find and Trade Intraday Reversal Times

MAX Pain is at 18800 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 18800 strike, which will act as a crucial resistance level and Maximum PUT open interest of 35 lakh contracts was seen at 18600 strike, which will act as a crucial Support level

Retailers have sold 226 K CE contracts and 46.6  K CE contracts were shorted by them on Put Side Retailers bought 692 K PE contracts and 508 K PE shorted contracts were added by them suggesting having BEARISH outlook.

FII sold 13 K CE contracts and 81.4 K CE were shorted by them, On Put side FII’s bought 92 K PE and 118 K PE were shorted by them suggesting they have a turned to neutral Bias.

Nifty Dec Future Open Interest Volume is at  1.24 Cr with addition of 4 Lakh with increase in Cost of Carry suggesting Long positions were added today. NIfty Future is in 116 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 9010 cores and DII’s sold 4058 cores in cash segment.INR closed at 81.50

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


LEARN TO EXECUTE ORDERS QUICKLY. Practice your execution skills daily. Create speed drills for yourself, Being fast and light is an advantage that the intraday trader must learn to exploit. We can go from long to short very quickly and easily.

Positional Traders Trend Change Level is 18682 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 18807 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18785 Tgt 18816, 18848 and 18893 (Nifty Spot Levels)

Sell Below 18714 Tgt 18685, 18644 and 18610 (Nifty Spot Levels)

Upper End of Expiry : 18893

Lower End of Expiry : 18622

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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