Nifty Feb 2023 Monthly Expiry Analysis

By | February 22, 2023 8:57 pm

FII sold 30.2 K contract of Index Future worth  2732 cores, Net OI has increased by 51.1 K contract 10.4 K Long contract were added by FII and 40.7 K Shorts were added by FII. Net FII Long Short ratio at 0.29 so FII used fall to enter Long and enter short in Index Futures.


As Discussed in Last Analysis Nifty is back to its 50% point 17817 price has been in sideways move trading between 37.5-50-62.5 range. Nifty has closed just at its 20 DMA, Its tough time for trend followers as market are lacklusture. As a trader we need to adjust as per market moves.Bayer Rule 6: The price is in bottom/top when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees. will come into effect tommorow so first 15 mins High and Low will guide for the day.

First 15 mins High and Low gave the perfect direction as disucced in below video and price is back to 62.5 retracement.

When market is in downtrend, the shorts are at higher level and the longs are always at a loss. Besides the delivery sales also pulls down the market. So on the Expiry day, the shorts are not in a hurry to cover and the “stuck longs” will come in to dump on every bounce.As the Expiry progresses, the ones who are in deep profits aren’t going to come to close their positions. Last Expiry happened on 17891 today Nifty closed at 17554 Since the bears are in 337+ points in profits this series, part booking happens which at best results in bounces that are unsustainable. 

For Swing Trades Bulls will get active above 17576 for a move towardds 17639/17709. Bears will get active below 17505 for a move towards 17439/17372


Intraday time for reversal can be at 9:15/9:52/11:41/12:45/2:05/2:37   How to Find and Trade Intraday Reversal Times

MAX Pain is at 17650 PCR at 0.56 Markets tend be range-bound when PCR OI (Open Interest) ranges between 0.90 and 1.05. 

Maximum Call open interest of 26 lakh contracts was seen at 17500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 23 lakh contracts was seen at 17700 strike, which will act as a crucial Support level

FII’s sold 579 cores and DII’s bought 371 cores in cash segment.INR closed at 82.60

#NIFTY50  as per musical octave trading path can be 17804-17538-17274   take the side and ride the move !!


Understand that you will lose on more trades than you will win on; that is just part of the game. If you are the type that always has to be “right” you are going to have a hard time becoming a successful trader. The market is perpetual, it continues on no matter what you think about it with no knowledge that you exist.

Positional Traders Trend Change Level is 17756 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 17644 will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 17586 Tgt 17618, 17651 and 17699 (Nifty Spot Levels)

Sell Below 17529 Tgt 17505, 17465 and 17424 (Nifty Spot Levels)

Upper End of Expiry : 17697

Lower End of Expiry : 17410

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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