Nifty EOD Analysis for 30 May

By | May 29, 2023 11:41 pm

Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by SHORTING 4231 contracts worth 394 crores, resulting in a increase of 7151 contracts in the Net Open Interest. FIIs bought 2917   long contracts and covered 5190 short contracts, indicating a preference for adding NEW SHORT positions .With a Net FII Long Short ratio of 1.51, FIIs utilized the market rise to enter Long positions and enter short positions in NIFTY Futures.


As Discussed in Last Analysis  29 May Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes. will become active Watch for first 15 mins High and Low to get the trend of the day.

Nifty traded with in the first 15 mins range through out the day and formed NR7 on daily chart, Nifty today candle looks similar to 14 Dec 2020 Candle.

Tommrow we have Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric). As it involves Venus which have big Impact on Nifty.



Trade Plan based on Astro Date as discussed in above Video. For Swing Traders Bulls need to move above 18641 for a move towards 18701/18761 . Bears will get active below 18581 for a move towards 18521/18461




Traders may watch out for potential intraday reversals at 9:15,10:55,12:32,2,2:46  How to Find and Trade Intraday Reversal Times

Nifty June Futures Open Interest Volume stood at 0.95 lakh, witnessing a addition of 0.15 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Nifty Advance Decline Ratio at 35:15 and Nifty Rollover Cost is @18407 and Rollover is at 66.8%.

Nifty options chain shows that the maximum pain point is at 18550 and the put-call ratio (PCR) is at 1.15. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

According To Todays Data, Retailers Have bought 109 K Call Option Contracts And 77 K Call Option Contracts Were Shorted by them. Additionally, They bought 786 K Put Option Contracts And 672 K Put Option Contracts were Shorted by them, Indicating A BULLISH Outlook.

In Contrast, Foreign Institutional Investors (FIIs) bought 10.8 K Call Option Contracts And 98 K Call Option Contracts Were Shorted by them. On The Put Side, FIIs bought 26.6 K Put Option Contracts And 64.9 K Put Option Contracts were Shorted by them, Suggesting They Have Turned To A NEUTRAL 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 18700 strike, followed by 18800 strikes. On the put side, the highest OI is at the 18400 strike, followed by 18300  strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 18400-18700 levels.

In the cash segment, Foreign Institutional Investors (FII) bought 1758 crores, while Domestic Institutional Investors (DII) bought 853 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 17744-18272-18800 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.  Price has close above 18272


Don’t trade on emotion. Trading is a numbers game, and it’s important to make decisions based on logic and analysis, not emotion.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 18517 . 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 18681 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18632 Tgt 18666, 18699 and 18729 (Nifty Spot Levels)

Sell Below 18570 Tgt 18547, 18520 and 18485 (Nifty Spot Levels)

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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