Foreign Institutional Investors (FIIs) displayed a Bullish approach in the Nifty Index Futures market by Buying 25523 contracts worth ₹ 1516 crores, resulting in a increase of 12749 contracts in the net open interest. FIIs added 29486 long contracts and covered 17226 short contracts, indicating a preference for adding long positions and covering short positions. With a net FII long-short ratio of 0.29, FIIs utilized the market rise to enter long positions and exit short positions in Nifty futures. Clients covered 56347 long contracts and covered 13175 short contracts. FII are holding 31 % Long and 69 % Shorts in Index Futures and Clients are holding 67 % Long and 33 % Shorts in Index Futures.
Nifty saw a decline due to the Adani News, but the price managed to close at the Pre-Exit Poll high. With the Sun entering Sagittarius, a bullish zodiac sign, the bulls may attempt a comeback today. Since today marks the weekly close, the bulls will aim to close within the 23,575-23,605 range.
The 25th is a critical astro date, so it is advisable to carry overnight positions with proper hedging. Keep an eye on Reliance stock—a move above 1,235 could trigger significant short covering.
Nifty saw a perfect bounce from the 200 SMA and Pre Exit election day High of 23350 as shown in the chart below. This alignment highlights the precision of Gann levels, offering a strong indication of market direction. Additionally, with the Sun entering Sagittarius, a bullish zodiac sign, bulls regained momentum on Friday, as discussed in the video.
The 24201-24270 range is now a crucial resistance zone for Nifty as its Monthly Gann TC and SAP Level. If bulls manage to close above this level, the price is expected to rally toward the 24444-24525 range, making it a critical level to watch for traders.
Political Impact: Maharashtra Election and Market Stability
Maharashtra, often referred to as the financial capital of India, plays a pivotal role in shaping the country’s political and economic landscape. The recent BJP-led NDA victory in Maharashtra reinforces political stability, a key factor for market sentiment.
Political stability ensures policy continuity and fosters confidence among both domestic and foreign investors. This stability supports sectors tied to Maharashtra’s economy, such as infrastructure, banking, and real estate, strengthening the broader market outlook.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 24123 for a move towards 24276/24428/24581. Bears will get active below 23817 for a move towards 23664/23511/23359.
Traders may watch out for potential intraday reversals at 10:56,11:46,12:32,01:28,02:12 How to Find and Trade Intraday Reversal Times
Nifty Nov Futures Open Interest Volume stood at 1 lakh cr , witnessing a liquidation of 1.2 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was covering of SHORT positions today.
Nifty Advance Decline Ratio at 49:01 and Nifty Rollover Cost is @25178 closed below it.
Nifty Gann Monthly Trade level :24201 close below it.
Nifty has closed above its 200 SMA @ 23565 Trend is Buy on Dips till above 23777.
Nifty options chain shows that the maximum pain point is at 24000 and the put-call ratio (PCR) is at 0.92 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 24000 strike, followed by 24200 strikes. On the put side, the highest OI is at the 23800 strike, followed by 23700 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 23400-22600 levels.
In the cash segment, Foreign Institutional Investors (FII) sold 1278 crores, while Domestic Institutional Investors (DII) bought 1722 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 23408-24105-24801 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.
If there were no goals in football, there would beno one go into the stadium and watch the mere running back and forth. Without goal results, success in football would be unthinkable and not measurable. Most of them play football here, just without goals and without a ball.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 24007 . 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 23705, Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 24337 Tgt 24385, 24444 and 24484 ( Nifty Spot Levels)
Sell Below 24225 Tgt 24166, 24108 and 24050 ( 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.
While the Trading Plan levels given in the beginning are quite reasonable,
I find the Intraday buy/sell levels given at the end are unrealistic.
On Friday,The NIFTY closed at 23907 . But the intraday buy level mentioned at the end
is 24337.Does this mean the nifty levels between 23907 and 24337 are no trading zone, a range of 400 points approx?
ye ssir