Foreign Institutional Investors (FIIs) displayed a Neutral approach in the Nifty Index Futures market by Buying 708 contracts worth ₹47 crores, resulting in a increase of 8332 contracts in the net open interest. FIIs added 2206 long contracts and covered 3874 short contracts, indicating a preference for adding long positions and covering of short positions. With a net FII long-short ratio of 2.2 , FIIs utilized the market fall to add long positions and exit short positions in Nifty futures. Clients added 1686 long contracts and added 9467 short contracts.
Nifty made a fresh all time hight today missing 25000 by 0.25 points. Nifty has corrcted from the confluence of gann price level both static and dynamic as disccused in below video, we have an important Jupiter-Saturn aspect in Helio. Price has takes exact resistance at 1×1 Gann angle saw a decline. Tomorrow, we have Moon-Mars conjunction, which can lead to significant volatility during the day. For intraday trade, the first 15 minutes’ high and low will guide the trend for the day.
The Moon-Mars conjunction had a significant impact, causing a 120-point drop in Nifty within 15 minutes. The price continues to trade below its 1×1 Gann angle, as shown in the chart below, and is also forming an Inside Bar Pattern. Tomorrow, we have the monthly close of Nifty. Nifty is up 3.5% for July and almost 10% in the last two months.
With the Sun trine North Node aspect tomorrow and the involvement of the North Node (Rahu), we can expect another volatile move.
“Bayer Rule 15: Venus heliocentric latitude at extreme and least speeds for major moves” indicates that Nifty will experience a significant impact due to Venus’s involvement. The first 15 minutes’ high and low will guide the trend for the day.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 24879 for a move towards 24957/25035. Bears will get active below 23801 for a move towards 23723/24645/24567
Traders may watch out for potential intraday reversals at 09:16,11:23,02:03,02:53 How to Find and Trade Intraday Reversal Times
Nifty Aug Futures Open Interest Volume stood at 1.46 lakh cr , witnessing a addition of 2.7 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.
Nifty Advance Decline Ratio at 22:28 and Nifty Rollover Cost is @24503 closed below it.
Nifty Gann Monthly Trade level :24270 close above it.
Nifty closed above its 20SMA @24473 Trend is Buy on Dips.
Nifty options chain shows that the maximum pain point is at 24800 and the put-call ratio (PCR) is at 1.02 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 24900 strike, followed by 25000 strikes. On the put side, the highest OI is at the 24700 strike, followed by 24600 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 24600-25000 levels.
In the cash segment, Foreign Institutional Investors (FII) sold 5598 crores, while Domestic Institutional Investors (DII) bought 5565 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 23889-24600-25310 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.
Trader make Error because of expectation, Our Mind think because pattern has emerged its giving us an EDGE on that particular trade and we have no way of knowing it but over a series of trade it will show the effect.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 24765 . 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 24949, Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 24870 Tgt 24900, 24950 and 24988 ( Nifty Spot Levels)
Sell Below 24800 Tgt 24763, 24729 and 24666 (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.