FII Activity: Strong Bullish Sentiment in Bank Nifty Futures with Fresh Long Additions
Foreign Institutional Investors (FIIs) maintained a bullish stance in the Bank Nifty Index Futures market, actively buying 670 contracts worth ₹102 crore. This led to a net open interest decrease of 4124 contracts, signaling short covering and longs booking profits.
Key Takeaways from FII Activity
✔ FIIs adding 670 contracts confirms small buying interest in Bank Nifty.
✔ Decrease in Open Interest (+4124 contracts) suggests short covering.
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The positive impact of the Lunar Eclipse and Mercury Retrograde has played out as expected, and now Sun Ingress in Aries is coming into effect. Additionally, Bayer Rule 2 is active:
“Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to a big move.”
This combination suggests high volatility and a decisive move ahead.
Key Technical & Astro Insights
✔ Price Near Gann Angle Resistance & January SAP Level (49,785) → A critical zone for trend confirmation.
✔ Sun Ingress in Aries → Watch PSU stocks and Gold, as they are historically influenced by this aspect.
✔ First 15-Minute High & Low Will Set the Intraday Trend
Key Levels to Watch
Bullish Breakout Above 49,800 → Rally continuation towards 50,176 / 50,653.
Bearish Breakdown Below 49,284 → Bears will regain control, leading to a decline.
Bank Nifty rallied above the SAP level of 49,785 and took exact support at the Gann angle during intraday, leading to a strong upside move. On a weekly basis, Bank Nifty is up 4.5%, reflecting the impact of Gann seasonal date and Sun Ingress.
Key Technical Insights
✔ SAP Level (49,785) Held → A strong demand zone supporting further upside.
✔ Gann Angle Support Worked Perfectly → Confirms the strength of the trend.
✔ Weekly Up 4.5% → Momentum remains strong, with bulls in control.
Key Levels to Watch
Support Zone: 49,785 → Bulls must defend this level to keep the rally intact.
Upside Targets: 50,500 / 50,729 → Rally could extend toward these levels.
Bearish Breakdown Below 49,500 → Bears regain control for a potential pullback.
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 50213 for a move towards 50435/50657/50879 Bears will get active below 49991 for a move towards 49769/49546/49324.
Traders may watch out for potential intraday reversals at 09:38,10:53,12:02,01:03,02:45 How to Find and Trade Intraday Reversal Times
Bank Nifty March Futures Open Interest Volume stood at 27.4 lakh, with liquidation of 2.1 lakh contracts. Additionally, the Increase in Cost of Carry implies that there was a covering of LONG positions today.
Bank Nifty Advance Decline Ratio at 10:02 and Bank Nifty Rollover Cost is @49026 closed above it.
Bank Nifty Gann Monthly Trade level :48414 closed above it.
Bank Nifty closed above 20/50 SMA @48984 ,Trend is Buy on Dips till above 49785
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 50000 strike, followed by the 50500 strike. On the put side, the 49500 strike has the highest OI, followed by the 49000 strike.This indicates that market participants anticipate Bank Nifty to stay within the 49500-50500 range.
The Bank Nifty options chain shows that the maximum pain point is at 50000 and the put-call ratio (PCR) is at 1.10 . 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 .
Don’t give up. Trading is a skill that takes time and practice to develop. Don’t give up if you don’t see results immediately. Keep learning and practicing, and you will eventually become a successful trader.
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 48725 . 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 50013, Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 50108 Tgt 50221, 50380 and 50555 ( BANK Nifty Spot Levels)
Sell Below 49996 Tgt 49837, 49666 and 49444 (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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