Analysis of FIIs’ behavior in the Nifty Index Futures market shows a Bearsih approach as they displayed a preference for SHORT positions. On a net basis, FIIs went SHORT 6537 contracts worth 643 crores, resulting in an increase of 1843 contracts in the Net Open Interest.
We have seen Impact of Price near Gann Angle and to resolve this we got big red candel. Astro Cycle with Mars/Mercury/Venus/North node. 19622-19593 range is importnat demand zone If 19593 and sustained below it for 15 mins 19500/19412 quiet possible as Mercury Opposition North Node Aspect is forming again voaltile day is coming.
- Moon Extreme Decliantion
- Sun Conjunct Mercury
- “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move “
- Mercury Opposition North Node
- Solar Eclipse Gann Date
Nifty has completed 144 trading days from 20 March low yesterday and today with Multiple Astro dates , we are seeing confluence of Astro and Gann Dates which can lead to big move. TIll Price is below 19683 Bears have upper hand. Intraday Traders can watch out for first 15 mins High and Low to capture the trend of the day using Ratio Indicator
Nifty Trade Plan for Positional Trade ,Bulls will get active above 19683 for a move towards 19729/19777 . Bears will get active below 19561 for a move towards 19448/19418
Traders may watch out for potential intraday reversals at 9:28,10:37,11:36,1:26,2:03 How to Find and Trade Intraday Reversal Times
Nifty Oct Futures Open Interest Volume stood at 0.89 lakh cr , witnessing a liquidation of 2.8 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a closeure of LONG positions today.
Nifty Advance Decline Ratio at 16:34 and Nifty Rollover Cost is @19768 and Rollover is at 70.4%.
Nifty closed above 20/50/100 SMA and heading towads 19500/19410 till we close below 19683.
Nifty options chain shows that the maximum pain point is at 19600 and the put-call ratio (PCR) is at 0.85. 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 19700 strike, followed by 19800 strikes. On the put side, the highest OI is at the 19500 strike, followed by 19400 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 19400 -19600 levels.Total Call OI is 5.95 cr and Total Put OI is 5.58 cr
In the cash segment, Foreign Institutional Investors (FII) sold 1093 crores, while Domestic Institutional Investors (DII) bought 736 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 18890-19452-20014 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 closed above 19452
By implementing contingency planning, you can take swift, decisive action the instant one of your positions changes its behavior or is hit with an unexpected event.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 19682 . 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 19600 , Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 19630 Tgt 19666, 19699 and 19729 ( Nifty Spot Levels)
Sell Below 19555 Tgt 19525, 19485 and 19444 (Nifty Spot Levels)
Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.
As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.