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 2119 contracts worth 236 crores, resulting in an increase of 9095 contracts in the Net Open Interest.
NIfty formed a lower low on Mercury Ingress and New Moon, Mercury create short term voaltlity in market so lines are drawn Bears need to break 22075 and BUlls needs to 22000 for a 200-323 move on either side. Due to Astro cycle so we should see trending move in next 2 trading sesisons.
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 Trade Plan for Positional Trade ,Bulls will get active above 22222 for a move towards 22297/22343. Bears will get active below 22071 for a move towards 21998/21924/21849
Traders may watch out for potential intraday reversals at 09:15,10:18,11:03,12:48,01:56 How to Find and Trade Intraday Reversal Times
Nifty Feb Futures Open Interest Volume stood at 0.68 lakh cr , witnessing a liquidation of 23.2 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was a closeure of SHORT positions today.
Nifty Advance Decline Ratio at 24:26 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
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 22200 strike, followed by 22300 strikes. On the put side, the highest OI is at the 22100 strike, followed by 22000 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 1509 crores, while Domestic Institutional Investors (DII) bought 2861 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 21938 . 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 22160 , Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 22222 Tgt 22255, 22290 and 23124 ( Nifty Spot Levels)
Sell Below 22180 Tgt 22151, 22125 and 22100 (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.