Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by Shorting 10123 contracts worth 1127 crores, resulting in a decrease of 1127 contracts in the Net Open Interest. FIIs sold 2392 long contracts and covered 14938 short contracts , indicating a preference for adding LONG and covering SHORT positions .With a Net FII Long Short ratio of 0.72 FIIs utilized the market fall to add Long positions and exit short positions in NIFTY Futures. Clients have added 4202 long and 564 Shorts were also added by them.
Nifty has formed a perfect DOJI and price is still below 22527 as discussed in below video. Price is still trading between Double Ingress High of 22527 and Low of 22307 . Tommorow we have Mercury COnjucnt Jupiter in Helio so we can see another volatile session. CPI data both in India and US came above expectation, For Tommrow watch out for first 15 mins High and Low to capture trend of the day. Bears need 1 Hour close below 22300 for an impulsive downmove.
Nifty saw a dip yesterday based on Sun Conjuct Mercury “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” So If Nifty breaks 21952 we can see fast decline towards 21850/21750 which are important gann number.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 22005 for a move towards 22080/22154/22229. Bears will get active below 21931 for a move towards 21856/21781/21707/21632
Traders may watch out for potential intraday reversals at 09:30,10:16,11:02,12:20,01:58 How to Find and Trade Intraday Reversal Times
Nifty March Futures Open Interest Volume stood at 1.27 lakh cr , witnessing a addition of 3.2 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT positions today.
Nifty Advance Decline Ratio at 12:38and Nifty Rollover Cost is @22225 closed below it.
Nifty Gann Monthly Trade level :22278 closed below it.
Nifty has closed below its 20 SMA. Fight for 50 SMA of 21890
Nifty options chain shows that the maximum pain point is at 22000 and the put-call ratio (PCR) is at 0.75. 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 22100 strike, followed by 22200 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 21800-22100 levels.
According To Todays Data, Retailers Have bought 156 K Call Option Contracts And 30 K Call Option Contracts Were Shorted by them. Additionally, They sold 703 K Put Option Contracts And 556 K Put Option Contracts were Shorted by them, Indicating A BULLISH Bias.
In Contrast, Foreign Institutional Investors (FIIs) bought 81.5 K Call Option Contracts And 47.7 K Call Option Contracts Were Shorted by them. On The Put Side, FIIs sold 38 K Put Option Contracts And 36 K Put Option Contracts were Shorted by them, Suggesting They Have Turned To NEUTRAL Bias.
In the cash segment, Foreign Institutional Investors (FII) sold 4595 crores, while Domestic Institutional Investors (DII) bought 9093 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 22410 . 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 22225, Which Acts As An Intraday Trend Change Level.
Bank Nifty Expiry Range
Upper End of Expiry : 22166
Lower End of Expiry : 21833
Nifty Intraday Trading Levels
Buy Above 22025 Tgt 22055, 22099 and 22150 ( Nifty Spot Levels)
Sell Below 21930 Tgt 21900, 21864 and 21833 (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.