FII Activity: Bearish Sentiment in Bank Nifty Index Futures
Foreign Institutional Investors (FIIs) exhibited a bearish stance in the Bank Nifty Index Futures market by shorting 6762 contracts worth ₹530 crores. This activity resulted in a Increase of 902 contracts in the net open interest.
As soon as Bank Nifty broke 53333, which was the confluence of Gann and Astro levels, we witnessed a waterfall decline, and the intraday timing discussed in the video below worked perfectly. The price closed below the 4×3 Gann angle.
Now, the range of 52769-52578 is a crucial support zone. If this level holds, we can see a relief rally towards the 53250-53500 range. However, a break below 52348 could trigger a further decline toward 51877
Astrological Insights for Tomorrow:
We have two important astrological events tomorrow, so the first 15 minutes’ high and low will be crucial for setting the tone of the day:
- Moon Conjunct Mars
- Rule No. 38 – Mercury Latitude Heliocentric: “Some mighty fine tops and bottoms are produced when Mercury, in this motion, passes the above-mentioned degrees.”
Breaking the Cycle: How to Overcome and Prevent Trading Addiction
Bayer’s Rule once again proved effective in capturing the trend, as discussed earlier. The price convincingly closed below 52348 , signaling further downside, and with today’s gap-down opening, bears are expected to take control. Astro and Gann levels continue to provide an additional edge in identifying key market moves.
Key Factors to Watch Today:
- Fed Surprise: The Fed delivered an unexpected decision yesterday, with no rate cuts, adding to global market uncertainty.
- Critical 100 SMA Level: The price is approaching the 100 SMA at 51724.
- A close below 51724 could signal more pain, with potential downside toward the last swing low of 51000/50555
- Bulls need a close above 52000 to regain control and initiate any meaningful upside.
Traders should stay cautious and monitor these critical levels closely, as the market navigates through expiry-related volatility and global macro influences.
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 51908 for a move towards 52138/52367.Bears will get active below 51678 for a move towards 51448/51218/50968
Traders may watch out for potential intraday reversals at 09:15,10:26,11:35,12:34,02:22 How to Find and Trade Intraday Reversal Times
Bank Nifty December Futures Open Interest Volume stood at 22.8 lakh, with addition of 15.5 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT positions today.
Bank Nifty Advance Decline Ratio at 01:11 and Bank Nifty Rollover Cost is @51689 closed above it.
Bank Nifty Gann Monthly Trade level :52769 closed above it.
Bank Nifty closed above 20/50/100/200 SMA @53000,Trend has changed to Sell on Rise till below 53000.
Traders who follow the musical octave trading path may find valuable insights in predicting Bank Nifty’s movements. According to this path, Bank Nifty may follow a path of 51724-53263-54801. This means that traders can take a position and potentially ride the move as Bank 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.
According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 52000 strike, followed by the 52300 strike. On the put side, the 51500 strike has the highest OI, followed by the 51000 strike.This indicates that market participants anticipate Bank Nifty to stay within the 51000-52000 range.
The Bank Nifty options chain shows that the maximum pain point is at 52000 and the put-call ratio (PCR) is at 0.62. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound. PCR is on extreme end suggesting we can see sharp reversal .
If you want to be a successful trader during a loss-making period, you need to learn the art of losing. If you condition your mind to lose without anxiety, without emotional attachment, and without the desire to get even, things will start turning around for you.
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 53057. 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 52473, Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 51900 Tgt 52108, 52323 and 52555 ( BANK Nifty Spot Levels)
Sell Below 51700 Tgt 51555, 51250 and 51108 (BANK 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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