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 31447 contracts worth 3355 crores, resulting in an decrease of 69876 contracts in the Net Open Interest.
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.
Lot of Important Astro events are happening between 26-28 Jan, Nifty has formed an inside bar, Break of 21225 can lead to quick fall towards 21050 , BUlls will get chance above 21500 in between 21650/21750 it will remain rangebound with voaltile bias till budget day. Uranus Turning Direct so watch for IT Stocks
- Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
- Mercury Conjunct Mars
- SUN Square Jupiter
- Mercury Square North Node
- Venus Extreme Declination
- Uranus Direct
Nifty Trade Plan for Positional Trade ,Bulls will get active above 21428 for a move towards 21500/21573/21646 . Bears will get active below 21282 for a move towards 21209/21137
Traders may watch out for potential intraday reversals at 09:30,11:10,12:03,1:37 How to Find and Trade Intraday Reversal Times
Nifty Feb Futures Open Interest Volume stood at 1.22 lakh cr , witnessing a addition of 3 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.
Nifty Advance Decline Ratio at 14:36 and Nifty Rollover Cost is @21592 closed below it.
Nifty Gann Monthly Trend Change Level : 21749– CLosed below it.
Nifty 20 DMA @21650-21632 act as resistance now Support at 50 DMA @21034
Nifty options chain shows that the maximum pain point is at 21400 and the put-call ratio (PCR) is at 0.88. 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 2144 crores, while Domestic Institutional Investors (DII) bought 3474 crores. FII sold 36909 cores in 7 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.
If you want to be a successful trader going through a loss making period You need to learn the art of losing.. If you condition your mind to lose without anxiety without emotional attachment and without desire to get even.. Things will start turning around for you.
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.