FII Activity: Bullish Shift in Bank Nifty Futures with Short Covering
Foreign Institutional Investors (FIIs) maintained a bullish stance in the Bank Nifty Index Futures market, actively buying 2,405 contracts worth ₹348 crore. However, this led to a net open interest decrease of 1,269 contracts, indicating that FIIs were covering short positions rather than aggressively adding fresh longs.
Key Takeaways from FII Activity
✔ Net Buying of 2,405 contracts suggests bullish intent.
✔ Decrease in Open Interest (-1,269 contracts) signals short covering, rather than heavy new long positions.
✔ FIIs reducing short exposure could lead to further upside momentum if sustained.
Is IndusInd Bank Safe? What Depositors and Investors Must Know Now
Bank Nifty declined sharply following the IndusInd Bank collapse (-27%), but formed a Doji at the Gann angle support zone, signaling indecision and potential reversal or continuation.
Key Technical & Astro Factors
✔ Doji Formation at Gann Angle Support → Indicates price hesitation after a sharp fall.
✔ Bayer Rule 21 (Variation C) in Effect Today →
“Strong moves within 5-8 days occur when retrograde Venus makes a conjunction with retrograde Mercury.”
This astro setup suggests a high-probability trend acceleration in the coming sessions.
Key Intraday Strategy – First 15-Minute Range Will Guide the Day
Bullish Confirmation: Break above first 15-minute high → Could lead to a rebound towards 48,200 / 48,500.
Bearish Breakdown: Break below first 15-minute low → Could extend the decline towards 47,500 / 47,200.
Market Outlook & Trading Strategy
✔ If Bank Nifty holds the Doji low and reclaims key resistance, a strong bounce is possible.
✔ If weakness continues, a break below support could lead to further downside.
✔ With Bayer Rule 21 in effect, expect increased volatility and a decisive move in the coming sessions.
Final Thoughts: The first 15-minute range will set the tone for the day—stay alert for breakout or breakdown confirmation.
India’s inflation rate dipped to 3.61%, lower than expected, providing positive sentiment for the market. Bank Nifty closed above 48,000, breaking above yesterday’s Doji high, as seen in the chart below.
Key Technical & Astro Insights
✔ Weekly Close Tomorrow (March 13) – No Trading on March 14 (Holi Holiday)
✔ Bulls Target: Another Doji formation, ideally closing in the 48,300–48,350 range.
✔ Bears’ Goal: A close below 48,000 to regain control, as next week brings:
- Lunar Eclipse Impact
- Mercury Retrograde Influence ♒
Key Levels to Watch
Bullish Close Above 48,300–48,350 → Strengthens momentum for next week.
Bearish Breakdown Below 48,000 → Could invite renewed selling pressure.
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 48139 for a move towards 48358/48576/48794 Bears will get active below 47921 for a move towards 47702/47555.
Traders may watch out for potential intraday reversals at 11:24,12:26,01:53 How to Find and Trade Intraday Reversal Times
Bank Nifty March Futures Open Interest Volume stood at 29.8 lakh, with liquidation of 0.19 lakh contracts. Additionally, the Increase in Cost of Carry implies that there was a closuere of SHORT positions today.
Bank Nifty Advance Decline Ratio at 03:09 and Bank Nifty Rollover Cost is @49026 closed Below it.
Bank Nifty Gann Monthly Trade level :48414 closed below it.
Bank Nifty closed below 20 SMA @48798,Trend is Buy on Dips once above 48000
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 48500 strike, followed by the 49000 strike. On the put side, the 47500 strike has the highest OI, followed by the 47000 strike.This indicates that market participants anticipate Bank Nifty to stay within the 47500-48500 range.
The Bank Nifty options chain shows that the maximum pain point is at 48000 and the put-call ratio (PCR) is at 0.76. 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 .
Trade Like a Shark” focuses on the mindset required for successful trading. It stresses the importance of being aggressive and opportunistic in the markets, akin to how a shark operates.
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 48572 . 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 47963 , Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 48131 Tgt 48237, 48418 and 48610 ( BANK Nifty Spot Levels)
Sell Below 48000 Tgt 47860, 47666 and 47484 (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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