Foreign Institutional Investors (FIIs) displayed a Bullish outlook in the Nifty Index Futures market, actively Buying 3810 contracts worth ₹430 crores. This action resulted in a minor decrease of 1098 contracts in the net open interest.
Breaking down their activity:
- FIIs added 3558 long contracts and simultaneously increased 3909 short contracts.
- While this shows an effort to expand both long and short exposures, the net FII long-short ratio remains at 0.21 , signaling a predominantly bearish stance.
Client Behavior:
- Clients covered 9331 long contracts and covered 4117 short contracts, indicating a tilt towards covering both Long and short positions.
Current Positioning in Index Futures:
- FIIs: Holding 18 % long and 82 % short positions.
- Clients: Holding 71 % long and 29 % short positions.
This data highlights the contrasting approaches of FIIs and Clients, with FIIs maintaining a stronger bearish bias.
Nifty saw a bounce back from the 22,976–22,981 range, which aligns with the Gann angle support zone. However, it continues to face resistance at the 23,170–23,200 zone, a critical Gann resistance level and the Sun Ingress low.
Key Astrological Aspects Today:
- Mercury Opposition Mars
- Mercury Trine Uranus
Mercury often has a significant influence on Nifty’s price movements, while Mars and Uranus are expected to impact Real Estate and IT stocks, potentially causing heightened activity and volatility in these sectors.
Traders’ Note:
- Watch 23,200 for a breakout or reversal zone.
- Real Estate and IT sectors might exhibit sharp moves, providing trading opportunities.
Stay alert to these key levels and sector-specific impacts to navigate the day’s market effectively.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 23204 for a move towards 23280/23355. Bears will get active below 23059 for a move towards 23982/23898/23800.
Traders may watch out for potential intraday reversals at 09:15,12:53,01:39,02:30 How to Find and Trade Intraday Reversal Times
Nifty December Futures Open Interest Volume stood at 1.40 lakh cr , witnessing liquidation of 4.8 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was covering of SHORT positions today.
Nifty Advance Decline Ratio at 34:16 and Nifty Rollover Cost is @23879 closed below it.
Nifty Gann Monthly Trade level :23721 closed below it.
Nifty has closed below its 200 SMA @ 23945 Trend has changed to Sell on Rise till below 23200
Nifty options chain shows that the maximum pain point is at 23100 and the put-call ratio (PCR) is at 0.72.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 23200 strike, followed by 23300 strikes. On the put side, the highest OI is at the 23000 strike, followed by 22900 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 22950-23300 levels.
Retail Activity in Options Market
According to today’s data:
- Retail investors sold 400 K Call Option contracts and shorted 444 K Call Option contracts.
- They also bought 694 K Put Option contracts and covered 461 K Put Option contracts, indicating a bearish bias in the market.
FII Activity in Options Market
- Foreign Institutional Investors (FIIs) added 161 K Call Option contracts and covered 208 K Call Option contracts.
- On the Put side, FIIs added 13.5 K Put Option contracts and shorted 284 K Put Option contracts, suggesting a shift toward a Neutral to Bullish bias.
In the cash segment, Foreign Institutional Investors (FII) sold 4026 crores, while Domestic Institutional Investors (DII) bought 3640 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 22751-23408-24105-24801 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.
Mental Toughness is my business. Make it part of yours. Keep a journal. Feed your mind.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 23244 . 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 23129 , Which Acts As An Intraday Trend Change Level.
Nifty Expiry Range
Upper End of Expiry : 23358
Lower End of Expiry : 22951
Nifty Intraday Trading Levels
Buy Above 23166 Tgt 23199, 23243 and 23300 ( Nifty Spot Levels)
Sell Below 23101 Tgt 23075, 23033 and 23000 (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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