Nifty 15 Dec Weekly Expiry Analysis

By | December 15, 2022 9:07 am

FII sold 5.6 K contract of Index Future worth  635 cores, Net OI has increased by 3.6 K contract 821 Long contract were covered by FII and 4.7 K Shorts were added by FII. Net FII Long Short ratio at 1.17 so FII used rise to exit Long and enter short in Index Futures.

Nifty contiue to march higher, heading towards the 18729/18888 Last night we have seen classic case of buy rumour and sell news in dow. Trade on levels and Strict SL and carry overnight positions with Hedge only.

Federal Reserve raises interest rate by 0.50 percentage point to curb inflation and sees steeper hikes ahead, The hike is expected to ripple through the economy, driving up rates for credit cards, home equity lines of credit, adjustable rate mortgages and other loans. But Americans, especially seniors, are finally benefitting from higher bank savings yields after years of paltry returns.

Nifty continue to march higher and formed an NR7 pattern, we will open slight gap down today, First 15 mins High and low will decide trend for the day as Mercury Trine North Node, North Node brings volatlity in the market so today we might see some volatile move. Use Swing and Intraday Level as mentioned.

Fresh Swing Plan based on Astro Date Bulls need to move above 18530 for a move towards 18618/18706/18794. Bears will get active below 18335 for a move towards 18247/18159/18071 — 18706 now waiting for 18794/18882.

Intraday time for reversal can be at  10:24/11:15/12:15/1:01/2   How to Find and Trade Intraday Reversal Times

MAX Pain is at 18650 PCR at 0.88  PCR below 0.78 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Retailers have bought 595 K CE contracts and 405 K CE contracts were shorted by them on Put Side Retailers bought 210 K PE contracts and 252 K PE shorted contracts were added by them suggesting having NEUTRAL outlook.

FII sold 68.3 K CE contracts and 2 K shorted CE were covered by them, On Put side FII’s sold 19.4 K PE and 44.3 K PE were shorted by them suggesting they have a turned to NEUTRAL Bias.

Maximum Call open interest of 52 lakh contracts was seen at 18700 strike, which will act as a crucial resistance level and Maximum PUT open interest of 42 lakh contracts was seen at 18500 strike, which will act as a crucial Support level

Nifty Dec Future Open Interest Volume is at  1.05 Cr with liquidation of 0.44 Lakh with increase in Cost of Carry suggesting Long positions were closed today.

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

Nifty Bulls are back with the close above 18599 


FII’s bought 372 cores and DII’s bought 926 cores in cash segment.INR closed at 81.49

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

In trading, the objective is to win swiftly whenever possible. It is all about knowing how to handle the trade in accordance with the trading strategy and time frame

Positional Traders Trend Change Level is 18729 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 18769 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18632 Tgt 18666, 18699 and 18729 (Nifty Spot Levels)

Sell Below 18599 Tgt 18575, 18550 and 18525 (Nifty Spot Levels)

Upper End of Expiry : 18702

Lower End of Expiry : 18451

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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