FII Activity: Bullish Sentiment in Bank Nifty Index Futures with Fresh Long Positions
Foreign Institutional Investors (FIIs) maintained a bullish stance in the Bank Nifty Index Futures market, actively buying 1,152 contracts worth ₹167 crore. This activity resulted in a net open interest increase of 1,448 contracts, indicating fresh long positions being built .
Key Takeaways from FII Activity
✔ Net Buying of 1,152 contracts signals bullish intent in Bank Nifty.
✔ Increase in Open Interest (+1,448 contracts) suggests FIIs are adding fresh long positions, confirming strength in the trend.
✔ This could indicate early positioning for a potential upside breakout.
Bank Nifty continues to hold its Gann angle support zone, as shown in the chart below. After Trump’s tariff hike, the index formed an Inside Bar candle, signaling a range contraction before a breakout.
Key Technical & Astro Insights
✔ Inside Bar Formation → Suggests a potential breakout or breakdown in the next session.
✔ Holding the Low of Venus Retrograde (Monday’s Low) → Indicates astro support in play (as discussed in the video below).
✔ Strong Demand Zone at 47,800–48,000 → Price has bounced multiple times from this level, making it a key support area.
Key Levels to Watch
Bullish Breakout Above: 48,400 → Could trigger a 500-point rally towards 48,900 / 49,000.
Bearish Breakdown Below: 47,924 → Could lead to a 500-point drop towards 47,500 / 47,400.
Bank Nifty broke above the Venus Retrograde High and Inside Bar High, confirming bullish momentum. As long as price holds the 48,350–48,400 zone, bulls remain in control.
Key Factors Supporting the Rally
✔ Technical Breakout: Inside Bar breakout + Venus Retrograde high breach = Bullish confirmation.
✔ RBI Announces ₹1.9 Lakh Crore Liquidity Infusion → Strong liquidity support for banking stocks.
✔ Jupiter-Mercury Aspect Today → Historically linked to major trend shifts, as discussed in the video below.
Key Levels to Watch
Support: 48,350–48,400 → Bulls must defend this zone.
Upside Target: 49,000 (first resistance), 49,500 (next breakout level).
Further Rally Potential: If price holds 48,400, we could see a 500-point upmove.
Failure to hold 48,350 could invite profit booking towards 48000
Watch the video below for deeper insights:
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 48278 for a move towards 48497/48716/48934.Bears will get active below 48060 for a move towards 47841/47666. –Waiting for 48716/48934 till above 48278
Traders may watch out for potential intraday reversals at 10:36,11:34,01:22,02:06 How to Find and Trade Intraday Reversal Times
Bank Nifty March Futures Open Interest Volume stood at 29.9 lakh, with liquidation of 0.69 lakh contracts. Additionally, the Increase in Cost of Carry implies that there was a closeure of SHORT positions today.
Bank Nifty Advance Decline Ratio at 09:03 and Bank Nifty Rollover Cost is @49026 closed Below it.
Bank Nifty Gann Monthly Trade level :48478 closed below it.
Bank Nifty closed below 20 SMA @49181,Trend is Buy on Dips once 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.
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 48000-49000 range.
The Bank Nifty options chain shows that the maximum pain point is at 48500 and the put-call ratio (PCR) is at 0.81. 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 48650. 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 48703, Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 48500 Tgt 48688, 48830 and 49000 ( BANK Nifty Spot Levels)
Sell Below 48351 Tgt 48222, 48108 and 47900(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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