FII Activity: Bearish Sentiment in Bank Nifty Index Futures
Foreign Institutional Investors (FIIs) maintained a bearish stance in the Bank Nifty Index Futures market, actively shorting 1,810 contracts worth ₹267 crores. This activity led to a net increase of 308 contracts in open interest, signaling continued weakness in the banking sector.
Bank Nifty experienced a decent upmove as JUpiter Declination hsowed its impact as discussed on Weekend video shared below
Today, with the New Moon and Uranus Declination, Reliance and IT stocks should be on the radar.
Key Levels to Watch:
- Bullish Scenario: Nifty needs to close above 49000 to confirm a short-term bottom, potentially triggering rapid short covering toward 49400-49666
- Bearish Scenario: A break below 48666 could lead to a decline toward 48444/48222
Bank Nifty Holds Budget Day Low – Are the Bulls Gearing Up for a Big Move?
Bank Nifty opened with a gap down but found strong support near the Budget Day low of 48,900, leading to a pullback and a close above 49,000. This price action suggests that as long as bulls hold 49,000, we could see an attempt to test 49,785, which aligns with the Semi-Annual Pivot (SAP) level.
Key Levels to Watch
- Support: 48,900 (Budget Day Low)
- Resistance: 49,785 (Semi-Annual Pivot Level)
Astro & Gann Cycles Align – A Recipe for a Big Move
The coming days bring a powerful confluence of astro and Gann cycles, which could trigger significant volatility:
✅ Jupiter turns direct today – Often associated with trend reversals or acceleration.
✅ Venus sign change – Can influence sentiment in financial markets.
✅ Gann time cycle on February 5 – Historically, such cycles have aligned with major market swings.
With these multiple astro and Gann cycles aligning, the stage is set for a potentially strong market move. Traders should stay alert and watch for key breakout or breakdown signals in the coming sessions.
Watch the video below for a detailed discussion
Final Thoughts
Bank Nifty is at a critical juncture, and its movement around the 49,000–49,785 range will determine the next directional move. Astrological cycles and technical factors suggest heightened volatility, making it crucial for traders to manage risk and adapt quickly.
Stay tuned for real-time updates and trade strategies as we approach these key levels!
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 49348 for a move towards 49569/49790/50111.Bears will get active below 49127 for a move towards 48906/48729.
Traders may watch out for potential intraday reversals at 09:27,11:14,12:19,01:41,02:50 How to Find and Trade Intraday Reversal Times
Bank Nifty December Futures Open Interest Volume stood at 30.8 lakh, with liquidation of 0.65 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a covering of SHORT positions today.
Bank Nifty Advance Decline Ratio at 03:09 and Bank Nifty Rollover Cost is @51689 closed Below it.
Bank Nifty Gann Monthly Trade level :50312 closed below it.
Bank Nifty closed above 20 SMA @49138 ,Trend is Buy on Dips till above 49000.
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 51408-49965-48521-47159. 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.– Price has closed above 48521
According to the Bank Nifty options chain, the call side has the highest open interest (OI) at the 49500 strike, followed by the 50000 strike. On the put side, the 49000 strike has the highest OI, followed by the 48500 strike.This indicates that market participants anticipate Bank Nifty to stay within the 49000-50000 range.
The Bank Nifty options chain shows that the maximum pain point is at 49200 and the put-call ratio (PCR) is at 0.78 . 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 .
To succeed as a trader, stay disciplined. Base your decisions on shifting market conditions—not fear.
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 49596 . 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 49428 , Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 49420 Tgt 49555, 49666 and 49888 ( BANK Nifty Spot Levels)
Sell Below 49130 Tgt 49000, 48729 and 48555 (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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