Nifty Analysis for 28 Dec

By | December 27, 2022 11:46 pm

FII bought 1.4 K contract of Index Future worth  43 cores, Net OI has decreased by 10.7 K contract 4.6 K Long contract were covered by FII and 6.1 K Shorts were covered by FII. Net FII Long Short ratio at 0.88 so FII used fall to exit Long and exit short in Index Futures.

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.

Bulls were able to close above 18040 and almost did 2 target now waiting for 18240/18307 till holding 18107. Bears will get active below 18036 for a move towards 17974/17907. Tommrow  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 will get activated. 

Intraday traders can use 15 mins high and low to trade for the day. Swing Follow levels as mentioned above.

Intraday time for reversal can be at 9:29/10:39/11:29/12:16/1:54   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 232 K CE contracts and 181 K CE contracts were shorted by them on Put Side Retailers bought 259 K PE contracts and 211 K PE shorted contracts were added by them suggesting having Bearish outlook.

FII sold 1.9 K CE contracts and 9.7  K CE were shorted by them, On Put side FII’s sold 2.8 K PE and 22.8 K PE were shorted by them suggesting they have a turned to BULLISH Bias.

Nifty Jan Future Open Interest Volume is at  0.57 Cr with addition of 13.8 Lakh with increase in Cost of Carry suggesting Long positions were added today.

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

Till Nifty is above 18058 on closing basis  price can rally till 18285/18424


FII’s sold 867 cores and DII’s bought 621 cores in cash segment.INR closed at 81.89

#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 18035 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 18075 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18151 Tgt 18185, 18212 and 18243 (Nifty Spot Levels)

Sell Below 18107 Tgt 18083, 18058 and 18016 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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