FII Activity: Bullish Sentiment in Bank Nifty Index Futures
Foreign Institutional Investors (FIIs) maintained a bullish stance in the Bank Nifty Index Futures market, actively buying 6,122 contracts worth ₹889 crore. However, this activity resulted in a net decrease of 13,803 contracts in open interest, suggesting that positions were squared off rather than aggressive fresh long additions.
Key Takeaways from FII Activity
✔ Net Buying of Bank Nifty Futures signals a short-term bullish bias from FIIs.
✔ Decrease in Open Interest (-13,803 contracts) suggests that FIIs were unwinding existing positions rather than building new long positions due to Monthly Expiry.
Bank Nifty has formed an NR7 pattern (narrowest range in 7 days), signaling price contraction, which often precedes a major breakout or breakdown.
Adding to the significance:
✔ Jupiter Square Mercury Aspect Today – A key astro event that often triggers volatility.
✔ NR7 Formation on Weekly Chart – This increases the probability of a strong trend expansion in the coming sessions.
✔ Gann Date Confluence – Aligning with astro cycles, further supporting a potential major price move.
Key Levels to Watch
Bullish Scenario:
- Bank Nifty must hold the 49,150–49,242 range to keep bullish momentum intact.
- Upside Targets: 49,728 / 50,000.
Bearish Scenario:
- A break below 49,000 would give control to the bears, triggering downside pressure.
With both astro & Gann factors in play, volatility is expected—be prepared for a strong directional move.
Bank Nifty is at a crucial inflection point. With price contraction, astro aspects, and Gann cycles aligning, traders should stay alert for an imminent breakout or breakdown!
Bank Nifty continues to hold its Gann angle support zone on the daily chart, while forming another Doji on the weekly chart—a sign of indecision and potential reversal.
Adding to the significance:
✔ Three consecutive months of decline on the monthly chart → A key inflection point.
✔ Inside Bar Formation → Signals price contraction, setting up for a breakout.
✔ New Moon Today → Often linked to shifts in market sentiment.
✔ Venus & Mercury Sign Change Over the Weekend → Astro cycle shift could trigger high volatility next week.
Key Levels to Watch
Crucial Battle Zone: 48,500–48,729 → Bulls & Bears will fight for control around this range.
Bullish Breakout Above: 48,729 → Could lead to a strong rally towards 49,242 / 49,700.
Bearish Breakdown Below: 48,500 → Could trigger another wave of selling towards 48,000 / 47,844.
Stay prepared for a trending move—astro, Gann, and technical factors are aligning!
With key support holding, an inside bar breakout pending, and major astro shifts ahead, Bank Nifty is at a critical turning point. A breakout or breakdown is likely in the coming sessions!
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 48941 for a move towards 49160/49380/49600.Bears will get active below 48501 for a move towards 48281/48040.
Traders may watch out for potential intraday reversals at 09:15,11:00,12:11,01:05,02:32 How to Find and Trade Intraday Reversal Times
Bank Nifty March Futures Open Interest Volume stood at 33,1 lakh, with addition of 8.4 lakh contracts. Additionally, the Increase in Cost of Carry implies that there was a addition of LONG positions today.
Bank Nifty Advance Decline Ratio at 05:06 and Bank Nifty Rollover Cost is @49026 closed Below it.
Bank Nifty Gann Monthly Trade level :49824 closed below it.
Bank Nifty closed below 20 SMA @49455 ,Trend is Buy on Dips till above 48500.
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 49000 strike, followed by the 49500 strike. On the put side, the 48500 strike has the highest OI, followed by the 48000 strike.This indicates that market participants anticipate Bank Nifty to stay within the 48500-49500 range.
The Bank Nifty options chain shows that the maximum pain point is at 49000 and the put-call ratio (PCR) is at 0.80. 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 .
When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance.” – Mark Douglas
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 49140 . 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 49140 , Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 48750 Tgt 48888, 49030 and 49200 ( BANK Nifty Spot Levels)
Sell Below 48666 Tgt 48555, 48444 and 48333 (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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