Foreign Institutional Investors (FIIs) displayed a Bearish approach in the Nifty Index Futures market by Shorting 101046 contracts worth ₹5649 crores, resulting in a decrease of 3806 contracts in the net open interest. FIIs covered 67200 long contracts and covered 91235 short contracts, indicating a preference for covering long positions and addition of short positions. With a net FII long-short ratio of 0.98, FIIs utilized the market fall to exit long positions and enter short positions in Nifty futures. Clients added 98186 long contracts and covered 46581 short contracts.
Today we have Bayer Rule 19: We have tops when Venus in geocentric position passes the conjunction with the Sun. SUN Conju Venus so trade cautiously watch for Imtraday timeing to plan for the trade. Venus have strong impact on stock market so trade with extreme care, VIX will also decline today if no major surprises in Election Results.
Nifty cracked today based on gann and astro studies as shown in below video. Downside till 21000 is still open till we are below 22300 levels. Tommrow again important astro date “Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule” so first 15 mins high and low will guide for the day.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 21952 for a move towards 22040/22125/22222. Bears will get active below 21865 for a move towards 221792/21719/21646/21573
Traders may watch out for potential intraday reversals at 09:21,11:21,12:33,1:41,2:35 How to Find and Trade Intraday Reversal Times
Nifty June Futures Open Interest Volume stood at 14.5 lakh cr , witnessing a addition of 1.68 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was a closure of LONG positions today.
Nifty Advance Decline Ratio at 08:42 and Nifty Rollover Cost is @22960 closed below it.
Nifty Gann Monthly Trade level :23338 close below it.
Nifty closed below its 100 SMA @22162 Trend is Sell on Rise.
Nifty options chain shows that the maximum pain point is at 22000 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 22000 strike, followed by 22300 strikes. On the put side, the highest OI is at the 21800 strike, followed by 21600 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21600-22000 levels.
According To Todays Data, Retailers Have bought 232 K Call Option Contracts And 172 K Call Option Contracts Were Shorted by them. Additionally, They sold 644 K Put Option Contracts And 452 K Put Option Contracts were Shorted by them, Indicating A Bullish Bias.
In Contrast, Foreign Institutional Investors (FIIs) bought 282 K Call Option Contracts And 348 K Call Option Contracts Were Shorted by them. On The Put Side, FIIs bought 103 K Put Option Contracts And 38 K Put Option Contracts were Shorted by them, Suggesting They Have Turned To Neutral Bias.
In the cash segment, Foreign Institutional Investors (FII) sold 12436 crores, while Domestic Institutional Investors (DII) sold 3318 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 21146-21775-22404-23071-23737 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.
The only reason to get into a trade is if you see an opportunity and you feel the market has a good chance of moving in your direction. But the reason people usually add on to their losing positions is not because they see another opportunity, but because they don’t want their first opinion to be wrong.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 22744. 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 22284, Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 21900 Tgt 21950, 22008 and 22066 ( Nifty Spot Levels)
Sell Below 21865 Tgt 21800, 21729 and 21666 (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.