Nifty 28 Dec Monthly expiry Analysis

By | December 27, 2023 8:58 pm

Analysis of FIIs’ behavior in the Nifty Index Futures market shows a Bearish approach as they displayed a preference for SHORT positions. On a net basis, FIIs went SHORT 7156 contracts worth 763  crores, resulting in an increase of 23438 contracts in the Net Open Interest.

As Discussed in Last Analysis

Yesterday was Jupiter Declination and today we have Double Lunar Date expect good degree of volataltiy in the Nifty as both moon and Jupiter has strong impact on Nifty. For Intraday Traders watch for first 15 mins High and Low to capture trend of the day.

Double Lunar Date showed its impact with Nifty hitting all time high again. Price has retraced the whole move on 20 Dec, Tommrow we have last expiry for the year so bulls till holding 21600 can move towards 21742/21815, Any move below 21596 will invite profit booking. Mars Square Neptune aspect tmmrow as Mars is plannet of energy we should see another 150-200 poinmt move in Nifty.



Nifty Trade Plan for Positional Trade ,Bulls will get active above 21669 for a move towards 21742/21815. Bears will get active below 21596 for a move towards 21532/21451/21378

Traders may watch out for potential intraday reversals at 9:54,11:45,1:20,2:05,2:44   How to Find and Trade Intraday Reversal Times

Nifty Jan Futures Open Interest Volume stood at 1.05 lakh cr , witnessing a addition  of 32.8 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Nifty Advance Decline Ratio at 40:10  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 21316.



Nifty options chain shows that the maximum pain point is at 21650 and the put-call ratio (PCR) is at 1.02 . 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 21600 strike, followed by 21700 strikes. On the put side, the highest OI is at the 21550 strike, followed by 21500 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21500-21700 levels.

In the cash segment, Foreign Institutional Investors (FII) bought 2926 crores, while Domestic Institutional Investors (DII) sold 192 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.

We as a human programmed not to accept our defeat, that is the core our our evolution we are able to survive because of this mental coding. You might have seen so many people coming back to market after loosing everything in market. So due to this it is very hard for us to accept that we lost in a trade. So we keep on waiting for trade to return in our favour.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 21103 . 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 21594 , Which Acts As An Intraday Trend Change Level.

Nifty Expiry Range

Upper End of Expiry : 21830

Lower End of Expiry : 21477


Nifty Intraday Trading Levels

Buy Above 21700 Tgt 21729, 21777 and 21830  (  Nifty Spot Levels)

Sell Below 21631 Tgt 21585, 21541 and 21500 (  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.

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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