Nifty Rallies as Bayers Date shows Impact

By | December 26, 2022 10:32 pm

FII bought 9.9 K contract of Index Future worth  2298 cores, Net OI has decreased by 13.4 K contract 1.8 K Long contract were covered by FII and 11.7 K Shorts were covered by FII. Net FII Long Short ratio at 0.87 so FII used fall to exit Long and exit short in Index Futures.

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

Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).

2 Important Bayer Rules are again with Venus which has vrey big impact on Nifty, We have seen fast fall in market reversal will be fast and swift. Bulls need to move above 17848 for a move towards 17916/17983/18050. Bears will get active below 17781 for a move towards 17714/17687

Bayers rule showed its impact and Nifty did all target on upside. For Swing Traders Bulls need to move above 18040 for a move towards 18107/18174/18240. Bears will get active below 17974 for a move towards 17907/17840/17774.

Intraday time for reversal can be at 9:32/10:47/12:16/1:56/2:35   How to Find and Trade Intraday Reversal Times

MAX Pain is at 18300 PCR at 0.95 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

Maximum Call open interest of 62 lakh contracts was seen at 18300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 52 lakh contracts was seen at 18000 strike, which will act as a crucial Support level

Retailers have sold 121 K CE contracts and 34 K CE contracts were shorted by them on Put Side Retailers bought 136 K PE contracts and 107 K PE shorted contracts were added by them suggesting having Bearish outlook.

FII sold 73 K CE contracts and 61.9 K CE were shorted by them, On Put side FII’s bought 25.5 K PE and 127 K PE were shorted by them suggesting they have a turned to BULLISH Bias.

Nifty Jan Future Open Interest Volume is at  0.43 Cr with addition of 0.98 Lakh with increase in Cost of Carry suggesting SHORT positions were closed today.

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

Till Nifty is below 18058 on closing basis  Bears will have upper hand.


FII’s sold 497 cores and DII’s bought 1285 cores in cash segment.INR closed at 81.80

#NIFTY50  as per musical octave trading path can be 17799-18066-18336 take the side and ride the move !!

“When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” – Mark Douglas

Positional Traders Trend Change Level is 18056 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 17995 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18030 Tgt 18066, 18099 and 18135 (Nifty Spot Levels)

Sell Below 17985 Tgt 17956, 17929 and 17885 (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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