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 59 contracts worth 5.70 crores, resulting in an increase of 5125 contracts in the Net Open Interest.
Nifty continue to trade in Monday range today we have Sun Conjunct Mercury and Saturn at extreme declination so we can high intensity day suggesting we can see breakout/breakdown in bank nifty with levels as mentioned below.Intraday traders can watch for first 15 mins High and Low to capture the trend of the day.
NIfty saw the impact of astro cycle and we saw a big move, Tommrow we have monthly close and MSCI rebalancing so again we are bound to see voaltile move. Also Aspect today are very important as discussed in below video Bulls would be happy to close around 21780 and Bears near 21630 range.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 22073 for a move towards 22148/22222. Bears will get active below 21924 for a move towards 21849/21774/21700
Traders may watch out for potential intraday reversals at 09:37,10:15,11:00,12:50,01:52,02:38 How to Find and Trade Intraday Reversal Times
Nifty Feb Futures Open Interest Volume stood at 0.51 lakh cr , witnessing a liquidation of 16.4 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 22075. Break of 21952 Bears will be back — CLosed at 21951
Nifty options chain shows that the maximum pain point is at 22200 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 22000 strike, followed by 22100 strikes. On the put side, the highest OI is at the 21900 strike, followed by 21800 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21800-22000 levels.
In the cash segment, Foreign Institutional Investors (FII) sold 1879 crores, while Domestic Institutional Investors (DII) bought 1827 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 21942. 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 22034, Which Acts As An Intraday Trend Change Level.
Nifty Expiry Range
Upper End of Expiry : 22138
Lower End of Expiry : 21763
Nifty Intraday Trading Levels
Buy Above 22000 Tgt 22032, 22066 and 22108 ( Nifty Spot Levels)
Sell Below 21900 Tgt 21864, 21830 and 21800 (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.