Nifty Weekly Expiry Analysis: Key Trends and Trading Opportunities

By | April 13, 2023 9:14 am

Foreign Institutional Investors (FIIs) displayed a bullish approach in the Index Futures market by purchasing 18,721 contracts worth 1,673 crores, resulting in a decrease of 3,287 contracts in the Net Open Interest. FIIs bought 7,717 long contracts and covered 1,10,004 short contracts, indicating a preference for initiating new buying positions. With a Net FII Long Short ratio of 0.53, FIIs utilized the market rise to enter long positions and exit short positions in Index Futures.

As Discussed in Last Analysis   Price continue to make Higher High today is 7 day Nifty is up. 7 and 9 are important Numner in Gann so next 2 days are crucial for market Price has close above 1×2 Gann angle which is a bullish sign till we are holding 17655 which is today;s Low.  As we had multiple astro date today so till today low is Held Bulls have upper hand.

Price continues to move higher and today will be 9 days of rise.  As per Gann Rules If a price is rising for 9 consecutive day’s at a stretch, then there is a high probability of a correction for 5 consecutive days. (Ratio is 9:5)

The VIX (Volatility Index) is currently very low, and any upward movement can lead to a significant downside move, which may be fast. Therefore, it’s crucial to keep a stop loss in the system. Ride the trend until it bends, but maintain a tight stop loss. Additionally, Jupiter and Earth are at maximum declination today, so monitoring the first 15 minutes high and low can be helpful in trading.





Traders may watch out for potential intraday reversals at 9:44,11:12,12:09,1:03,2:12   How to Find and Trade Intraday Reversal Times

17817 is the 50% point, and 17826 is the musical octave point. It may be a good time to book profits in long positions and set a trailing stop loss at 17729. A fresh entry can be considered on a 15-minute close above 17850. For aggressive shorts, a stop loss can be placed at 17848

Nifty April Futures Open Interest Volume stood at 0.92 lakh, witnessing a liquidation of 0.31 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a closure of longs positions today.

Nifty options chain shows that the maximum pain point is at 17750 and the put-call ratio (PCR) is at 0.88. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound. This suggests that Nifty may trade within a range of 17600-17800 levels in the near term.

According To Recent Data, Retailers Have bought 255820 Call Option Contracts and added 259500 CALL Option Contracts. Additionally, They Bought 643483 Put Option Contracts And Added 529882 Shorted Put Option Contracts, Indicating A Neutral Outlook.

In Contrast, Foreign Institutional Investors (FIIs) bought 57886 Call Option Contracts And Shorted 78232 Call Option Contracts. On The Put Side, FIIs Bought 122603 Put Option Contracts And Shorted 112391 Put Option Contracts, Suggesting They Have Turned To A Bearish  Bias.

Nifty 50 Options Chain Analysis

The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 17,800 strike, followed by 17,900 strikes. On the put side, the highest OI is at the 17700 strike, followed by 17600  strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 17700-17900 levels.

In the cash segment, Foreign Institutional Investors (FII) bought 1907 crores, while Domestic Institutional Investors (DII) sold 225 crores.

Traders who follow the musical octave trading path may find valuable insights in predicting Nifty’s movements. According to this path, Nifty may follow a path of 16825-17326-17826. This means that traders can take a position and potentially ride the move as Nifty moves through these levels.Of course, it’s important to keep in mind that trading is inherently risky and market movements can be unpredictable. 17826 is achived.


Trading discipline” comes from modifying one’s behaviour in a desired direction and overcoming the mental resistance and fear that generally get in the way.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 17558 . Going Long Or Short Above Or Below This Level Can Help Them Stay On The Same Side As Institutions, With A Higher Risk-reward Ratio. Intraday Traders Can Keep An Eye On 1783 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 17855 Tgt 17888, 17926 and 17961 (Nifty Spot Levels)

Sell Below 17770 Tgt 17743, 17714 and 17676 (Nifty Spot Levels)

Upper End of Expiry : 17926

Lower End of Expiry : 17697

Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.

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