Mars Ingress: Nifty 30 April 2024 Trade Plan

By | April 30, 2024 9:03 am

Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Nifty Index Futures market by Buying 25784 contracts worth 1462 crores, resulting in a increase of 14512 contracts in the Net Open Interest. FIIs added  37290 long contracts and 15083 short contracts were covered by them , indicating a preference for adding LONG and exiting SHORT positions .With a Net FII Long Short ratio of 0.52 FIIs utilized the market rise to enter Long positions and exit short positions in NIFTY Futures. Clients have added 7161 long and 54056 Shorts were added by them.

As Discuused in Last Analysis

Today Mercury Retrograde is getting over which generally leads to trend change,Bayer Rule 1: The trend changes when Mercury changes its direction  Bulls need to protect 22276 unable to do so can lead to fall towards 22158/22050. Bank NIfty has formed an NR21 pattern,lowest range in last 21 trading session suggesting we should see a big move in bank nifty is next 2 trading session.

Nifty rallied and made a new life time as Gann and Astro combined as discussed in below video . When Gann and Astro time cycle confluence We see explosive move as seen yesterday. 22527  is important level which needs to be watched out in nifty for current uptrendto continue towards 23000 Today being Mars Ingress so first 15 mins High and Low will guide for the day. We have MOnthly close today Bulls would like to close above 22527.


Nifty Trade Plan for Positional Trade ,Bulls will get active above 22678 for a move towards 22753/22828/22902. Bears will get active below 22529 for a move towards 22454/22379/22305.

Traders may watch out for potential intraday reversals at 10:02,11:12,12:07,1:28,2:22 How to Find and Trade Intraday Reversal Times

Nifty April  Futures Open Interest Volume stood at 1.07 lakh cr , witnessing a addition of 3.3 Lakh  contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Nifty Advance Decline Ratio at 45:05 and Nifty Rollover Cost is @22327  closed above it.

Nifty Gann Monthly  Trade level :22455 close  above  it.

Nifty closed above 20/50/100 SMA, Trend is Buy on Dips till above 22527.

Nifty options chain shows that the maximum pain point is at 22600 and the put-call ratio (PCR) is at 1.11. 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 22700 strike, followed by 22800  strikes. On the put side, the highest OI is at the 22500 strike, followed by 22400 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 22500-22800 levels.

According To Todays Data, Retailers Have sold 289 K Call Option Contracts And 2.9 K Call Option Contracts Were Shorted by them. Additionally, They bought 379 K Put Option Contracts And 408 K Put Option Contracts were Shorted by them, Indicating A Bearish Bias.

In Contrast, Foreign Institutional Investors (FIIs) bought 225 K Call Option Contracts And 170 K Call Option Contracts Were Shorted by them. On The Put Side, FIIs bought 379 K Put Option Contracts And 408 K Put Option Contracts were Shorted by them, Suggesting They Have Turned To Neutral Bias.

In the cash segment, Foreign Institutional Investors (FII) bought  169   crores, while Domestic Institutional Investors (DII) bought 692 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 21775-22404-23071  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.

Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 22624  . 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 22750, Which Acts As An Intraday Trend Change Level.

Nifty Intraday Trading Levels

Buy Above 22666 Tgt 22699, 22729 and 22775 ( Nifty Spot Levels)

Sell Below 22610 Tgt 22575, 22530 and 22485 ( 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.

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