Analysis of FIIs’ behavior in the Nifty Index Futures market shows a Bearish approach as they displayed a preference for LONG positions. On a net basis, FIIs went LONG 5531 contracts worth 593 crores, resulting in an increase of 4295 contracts in the Net Open Interest.
We have seen a volatile day yesterday and today will be another volatile day as we are seeing confluence of Gann and Astro cycle as discussed in below video. For Gann Students Observe price behaviour between 19-Dec to 21 Dec in 2021/2022.
Nifty experienced a notable pullback, influenced by the convergence of both Gann and astro cycles, as discussed in the last video. Today marks the Winter Solstice, another significant Gann Natural date, potentially leading to heightened volatility. With Mars forming a YOD with Uranus and Venus opposing Uranus, the first 15 minutes’ high and low will serve as crucial guides for the day. It’s fascinating to witness the potent market reversals when Gann and Astro cycles align. Incorporating time cycle studies provides an additional edge, showcasing the intricate interplay between technical analysis and astrological influences. Traders are advised to exercise caution in navigating the potential fluctuations on this dynamic day.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 21152 for a move towards 21225/21299. Bears will get active below 21078 for a move towards 21005/20940/20864
Traders may watch out for potential intraday reversals at 9:46,11:12,12:53,1:39,2:39 How to Find and Trade Intraday Reversal Times
Nifty Dec Futures Open Interest Volume stood at 1.20 lakh cr , witnessing a liqudiation of 7.3 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a covering of LONG positions today.
Nifty Advance Decline Ratio at 05:45 and Nifty Rollover Cost is @21230 closed above it.
Nifty Gann Monthly Trend Change Level : 20729
Nifty has closed above all short term moving averges Trend is Buy on dips till we are holding above 21225. — Bears broke 21225 till its not captured it become sell on rise market.
Nifty options chain shows that the maximum pain point is at 21100 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 21300 strike, followed by 21400 strikes. On the put side, the highest OI is at the 21100 strike, followed by 21000 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21000-21300 levels.
In the cash segment, Foreign Institutional Investors (FII) sold 601 crores, while Domestic Institutional Investors (DII) bought 294 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 20552-21146-21775 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.
Traders always aim for holy grail in trading. They think that will be the answer for all their hardships they are facing because of trading financial markets.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 21018. 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 21439, Which Acts As An Intraday Trend Change Level.
Nifty Expiry Range
Upper End of Expiry : 21299
Lower End of Expiry : 21005
Nifty Intraday Trading Levels
Buy Above 21155 Tgt 21180, 21230 and 21275 ( Nifty Spot Levels)
Sell Below 21087 Tgt 21044, 21000 and 20860 ( 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.