Nifty Jan 2024 Monthly Expiry Analysis

By | January 25, 2024 9:12 am

Analysis of FIIs’ behavior in the Nifty Index Futures market shows a Bullish approach as they displayed a preference for LONG positions. On a net basis, FIIs went LONG 5346 contracts worth 575 crores, resulting in an decrease of 14728 contracts in the Net Open Interest.

As Discussed in Last Analysis

We have seen Impact of Double Ingress  of Sun and Pluto as discussed in below Video. We saw a big crack in PSU bank, Today we had Venus Ingress and first 15 mins low was broken and we saw the big decline. Price is back to its Gann Angle support zone. 50 DMA is coming at 20957 and  20481 isGannOctavePoint.

NIfty has bounced from its Gann Angle  Today we have Full Moon and Weekly closing and Monthly expiry. We will again see Volatile move due to Lunar cycle. Again watch for first 15 mins HIgh and Low to capture trend for the day, Intraday traders watch out for 12:18 for a trend change. 21433 is Gann Octave Point for the day.

Nifty Trade Plan for Positional Trade ,Bulls will get active above 21500 for a move towards 21573/21646 . Bears will get active below 21428 for a move towards 21355/21282

Traders may watch out for potential intraday reversals at 09:35,10:27,11:16,12:21,1:57 How to Find and Trade Intraday Reversal Times

Nifty Jan Futures Open Interest Volume stood at 1.11 lakh cr , witnessing a addition of 0.82 Lakh  contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Nifty Advance Decline Ratio at 39:11  and Nifty Rollover Cost is @21719 closed below it.

Nifty Gann Monthly Trend Change Level : 21749– CLosed below it.

Nifty 20 DMA @21650-21662 act as resistance now  Support at 50 DMA @20957

Nifty options chain shows that the maximum pain point is at 21400 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 21400 strike, followed by 21500 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 21200-21500 levels.

In the cash segment, Foreign Institutional Investors (FII) sold 6934  crores, while Domestic Institutional Investors (DII) bought 6012 crores. FII sold 34765 cores in 6 trading session

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 20636-21232-21864 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.

Those who rid themselves of their egos are rewarded greatly. They are the superstars of their fields. In the market, rewards come in the form of profits. In the world of art, masterpieces are the results. In sports, the players are all-stars and command enormous salaries. Every pursuit has its own manifestation of victory over the ego.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 21405. 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 21355, Which Acts As An Intraday Trend Change Level.

Nifty Expiry Range

Upper End of Expiry : 21584

Lower End of Expiry : 21261


Nifty Intraday Trading Levels

Buy Above 21456 Tgt 21485, 21525 and 21584 ( Nifty Spot Levels)

Sell Below 21399 Tgt 21357, 21312 and 21261  (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: NIfty Monthly Expiry

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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