Nifty April 2023 Monthly Expiry Analysis

By | April 27, 2023 9:05 am

Foreign Institutional Investors (FIIs) displayed a Neutral approach in the Index Futures market by buying 632 contracts worth 53 crores, resulting in a increase of 15870 contracts in the Net Open Interest. FIIs bought 8251 long contracts and added 7619 short contracts, indicating a preference for adding positions in Long and Short. With a Net FII Long Short ratio of 0.85, FIIs utilized the market rise to enter long positions and enter short positions in Index Futures.

As Discussed in Last Analysis  Jupiter Contra Antis Saturn, This aspect is a rare occurrence and can have significant effects on the stock market. and “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” are two important Astro Events happening tommrow.Price are approaching the 50% point of 17817 and 17826 which is muscial octave.

Nifty high made was 17827 so bulls are unable to close above the range of 17817 which is a combination of Gann and Astro levels, Today we have monthly expiry and premium of CE and PE are very low, expect good volatlity in market today as we have “Bayer Rule 33: Moves are when Mars in Geocentric longitude passes over 16 degrees 55 minutes 46 seconds. ” which has Mars plannet in it, Mars bring volatlity in the market so hopefully we will see a good volatilie move today. 



For Swing Traders Break of 17707 can see a fall towards 17669/17619/17576. Bulls will get active above 17826 for a move towards 17903/17946/17981


Traders may watch out for potential intraday reversals at 9:20,10:03,11:51,1:32,2:26 How to Find and Trade Intraday Reversal Times

Price has bounced from 200 DMA and facing resistance at 17822 100 DMA.

Nifty May Futures Open Interest Volume stood at 0.56 lakh, witnessing a addition of 1.8 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of Long positions today.

Nifty options chain shows that the maximum pain point is at 17750 and the put-call ratio (PCR) is at 1.01. 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 Todays Data, Retailers Have bought 259127 Call Option Contracts And 327340 Shorted Call Option Contracts Were covered by them. Additionally, They sold 928028 Put Option Contracts And 772907 Shorted Put Option Contracts were added by them, Indicating A BULLISH  Outlook.

In Contrast, Foreign Institutional Investors (FIIs) bought 59288 Call Option Contracts And 10382 Shorted Call Option Contracts Were covered by them. On The Put Side, FIIs sold 122797 Put Option Contracts And 125239 Shorted Put Option Contracts were added by them, Suggesting They Have Turned To A BEARSIH 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 17600 strike, followed by 17500  strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 17600-17900 levels.

In the cash segment, Foreign Institutional Investors (FII) bought 1257 crores, while Domestic Institutional Investors (DII) sold 227 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. 


The successful speculator bases NO moves on what supposedly will happen, but reacts instead to what does happen.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 17644. 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 17783, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 17830 Tgt 17866, 17899 and 17940 (Nifty Spot Levels)

Sell Below 17766 Tgt 17733, 17700 and 17666 (Nifty Spot Levels)

Upper End of Expiry : 17921 

Lower End of Expiry : 17704

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

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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