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 440 contracts worth 48 crores, resulting in an decrease of 7948 contracts in the Net Open Interest.
NIfty made a fresh all time high today @22186 but failed to close above its last all time high of 22126 and price has made a tripple top. Bulls need to move above 22222 for upmove to continue. Bear need to break 21952. We have Venus and Sun Ingress in last 2 trading session and forming 2 DOJI on NIfty suggesting price is ready for range expansion in next 2 trading session with levels as mentioned below.
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.
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 10:53,11:26,12:28,1:18,02:22 How to Find and Trade Intraday Reversal Times
Nifty Feb Futures Open Interest Volume stood at 1.13 lakh cr , witnessing a liquidation of 3.9 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was a closeure of SHORT positions today.
Nifty Advance Decline Ratio at 26:24 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
Nifty options chain shows that the maximum pain point is at 22200 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 22200 strike, followed by 22300 strikes. On the put side, the highest OI is at the 2200 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) sold 1335 crores, while Domestic Institutional Investors (DII) bought 1491 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 21874. 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 22154, Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 22222 Tgt 22255, 22280 and 23125( Nifty Spot Levels)
Sell Below 22130 Tgt 22100, 22075 and 22025 (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.