By | June 2, 2023 8:46 am

Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by Shorting 17749 contracts worth 2182 crores, resulting in a decrease of 3287 contracts in the Net Open Interest. FIIs sold 10857 long contracts and added 11836 short contracts, indicating a preference for adding NEW SHORT positions .With a Net FII Long Short ratio of 0.83, FIIs utilized the market fall to exit Long positions and enter short positions in NIFTY Futures.


As Discussed in Last Analysis  Nifty has shown Island Reversal Pattern today Tommrow we have important astro dates as discussed in below video

Bayer Rule 30: The trend changes when Venus in declination passes the extreme declination of the Sun.

Mars YOD Saturn and Jupiter Conjunct North Node Aspect

First 15 Mins High and Low will guide for the day.

We saw a decent fall in Nifty today again we have “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees”, New Moon on Saturday and SATRUN Retrograde on SUnday so carry overnight position with Hedge




Trade Plan based on Astro Date, 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. Below  18500 Price can move towards 18423/18363 




Traders may watch out for potential intraday reversals at 9:15,10:02,11:15,12:45,1:47,2:58 How to Find and Trade Intraday Reversal Times

Nifty June Futures Open Interest Volume stood at 0.88  lakh, witnessing a liquidation of 4.7 lakh contracts. Additionally, the decrease in Cost of Carry implies that there was a addition of SHORT positions today.

Nifty Advance Decline Ratio at 27:23 and Nifty Rollover Cost is @18407 and Rollover is at 66.8%.

Major Support for Nifty us at 18337 20 SMA

Nifty options chain shows that the maximum pain point is at 18500 and the put-call ratio (PCR) is at 0.8 . Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Nifty 50 Options Chain Analysis

The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 18600 strike, followed by 18700 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 18400-18600 levels.

In the cash segment, Foreign Institutional Investors (FII) Sold 71  crores, while Domestic Institutional Investors (DII) bought 488 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 overtrade. It’s tempting to trade frequently, but this can lead to losses. It’s better to trade less and focus on making high-quality trades.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 18580. 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 18607, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18525 Tgt 18555, 18585 and 18616 (Nifty Spot Levels)

Sell Below 18477 Tgt 18451, 18420 and 18385 (Nifty Spot Levels)

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

Category: Nifty Astronomy

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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