Nifty 22 Feb Weekly Expiry Analysis

By | February 21, 2024 11:09 pm

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 2917  contracts worth 323 crores, resulting in an increase of 2767 contracts in the Net Open Interest.

As Discussed in Last Analysis

Nifty made a new all time high on closing basis and today will be 7 day of rise so its time to be cautious on upside as “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” has come into effect and we can see downmove in next 2 trading session if the rules holds true, BUlls need to protect 22048 on downside for upmove to continue towards 22400.

We have seen impact of Bayers Rule No 2  with a sharp pullack but bulls were able to protect 22048 on closing basis and tommrow we have “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees” and Venus conjunct Mars important aspect for short term trading. Intraday traders should watch for first 15 mins high and low to take trade, Mars is plannet of energy to it will lead to voalitle and fast swing tommrow.

Nifty Trade Plan for Positional Trade ,Bulls will get active above 22200 for a move towards 22266/22323 . Bears will get active below 22066 for a move towards 21952/21864.

Traders may watch out for potential intraday reversals at 10:39,11:41,12:31,1:14,02:19 How to Find and Trade Intraday Reversal Times

Nifty Feb Futures Open Interest Volume stood at 1.12 lakh cr , witnessing a liquidation of 1.5 Lakh  contracts. Additionally, the increase in Cost of Carry implies that there was a closeure of SHORT positions today.

Nifty Advance Decline Ratio at 14:36  and Nifty Rollover Cost is @21592 closed above it.

Nifty Gann Monthly  Buy Trade level : 21915 and Gann Monthly  Sell Trade level : 21646

Nifty has closed above 20/50/100/200 SMA.Trend is buy on dips till holding 22045. Break of 21952 Bears will be back 

Nifty options chain shows that the maximum pain point is at 22000 and the put-call ratio (PCR) is at 0.82. 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 2200 strike, followed by 22200 strikes. On the put side, the highest OI is at the 22000 strike, followed by 21900 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21900-22200 levels.

In the cash segment, Foreign Institutional Investors (FII) bought 284 crores, while Domestic Institutional Investors (DII) sold 411 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 22467-21836-21205  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.

You’ve told yourself that you need to follow your rules, that you need to trade smaller, or that you should avoid trading during certain market conditions or times of day. Still you make the same mistakes, lose money, and build frustration., your attempts at change fail because they lack emotional force.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 21889. 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 22158, Which Acts As An Intraday Trend Change Level.

Nifty Expiry Range

Upper End of Expiry : 22255

Lower End of Expiry : 21884

Nifty Intraday Trading Levels

Buy Above 22100 Tgt 22136, 22166 and 22200 ( Nifty Spot Levels)

Sell Below 22000 Tgt 21970, 21930 and 21884 (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 Astronomy

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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