Nifty Forms NR 21 Pattern

By | January 19, 2023 11:20 pm

FII sold 4.5 K contract of Index Future worth  382 cores, Net OI has decreased by 90 contract 2.3 K Long contract were covered by FII and 2.2 K Shorts were added  by FII. Net FII Long Short ratio at 0.98 so FII used fall to exit  Long and enter  short in Index Futures.

As Discussed in Last Analysis 

 Nifty will Open gap down Sun is moving in Aquarius and Venus Opposition Mercury HELIO also Moon at extreme declination so nifty should see good move today as per levels give below for both intraday and Swing Levels.

Nifty has formed Narrow Range 21 Pattern today Last time it was formed on 14 Dec and we had a big fall after that, WIll History repeat Uranus is going for EXTREME Declination and it has Big impact on IT Stocks.


Nifty Bulls need to move above 18155 for a move towards 18200/18246/18292/18338

Bank Nifty Bears need to move below  18060 for a move towards 18018/17972/17926/17880

NIfty has finally closed above 20 SMA now price can target 18256-18288 zone where 50 SMA lies.

Intraday time for reversal can be at 9:15/10:02/11:08/1:07/2:02   How to Find and Trade Intraday Reversal Times

MAX Pain is at 18100 PCR at 1.05 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

Maximum Call open interest of 40 lakh contracts was seen at 18200 strike, which will act as a crucial resistance level and Maximum PUT open interest of 32 lakh contracts was seen at 18000 strike, which will act as a crucial Support level

Nifty Jan Future Open Interest Volume is at  1.06 Cr with liquidation of 7 Lakh with increase in Cost of Carry suggesting Long positions were closed today.

Nifty Rollover cost @18178 and Rollover % @72.5  Closed below it. 

FII’s bought 339 cores and DII’s sold 128 cores in cash segment.INR closed at 81.35

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



Positional Traders Trend Change Level is 18095 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 18128will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18127 Tgt 18166, 18199 and 18221 (Nifty Spot Levels)

Sell Below 18099 Tgt 18066, 18033 and 18001 (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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