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.
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 bounced from its gann angle and we saw the imapct of gann and astro cycle as discussed in below video. Till BUlls are holding 21430 Bulls have upper hand.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 21795 for a move towards 21868/21942/22015 . Bears will get active below 21649 for a move towards 21576/21502.
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 1.23 lakh cr , witnessing a addition of 1.6 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 has conquered its 20 DMA. Till 21632 is held bulls are having upper hand.
Nifty options chain shows that the maximum pain point is at 21750 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 21700 strike, followed by 21800 strikes. On the put side, the highest OI is at the 21500 strike, followed by 21400 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21500-22000 levels.
In the cash segment, Foreign Institutional Investors (FII) bought 110 crores, while Domestic Institutional Investors (DII) bought 3221 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 21146-21775-22404 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.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 21614 . 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 21762 , Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 21775 Tgt 21800, 21857 and 21920 ( Nifty Spot Levels)
Sell Below 21729 Tgt 21690, 21650 and 21610 (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.