Sun Ingress & Gann Date: Nifty’s Breakout

FII Activity: Bullish Buying  in Nifty Index Futures

Foreign Institutional Investors (FIIs) maintained a bullish stance, actively buying 14870 contracts worth ₹2589 crore. This resulted in a net open interest increase of 2940 contracts, indicating fresh long additions and short covering.

Breaking Down FII Activity

FIIs added 2090 long contracts, increasing their bullish exposure.
FIIs covered 10478 short contracts, reducing their bearish bets.
FII Long-to-Short Ratio: 0.42 → FIIs are still heavily short-biased, but the covering of shorts and long additions suggest a shift in sentiment.

Client Behavior

Clients covered 19157 long contracts, possibly booking profits.
Clients added 3882 short contracts, showing some hedging or cautious positioning.
Clients Long-to-Short Ratio: 1.52 → Clients remain bullish overall, expecting a market recovery.

Current Positioning in Index Futures

FIIs: Still short-heavy (30:70), but reducing bearish exposure.
Clients: Maintaining a bullish bias (60:40), but showing caution by increasing shorts.

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As Discussed in Last Analysis

Nifty has rallied 700+ points from Friday’s low, reflecting the impact of the Lunar Eclipse and Mercury Retrograde, as discussed in previous videos.

Key Technical & Astro Factors in Play Today

Gann Seasonal Date → A critical cycle that often leads to major trend shifts.
Sun Ingress into Aries → A fire zodiac sign that can increase market momentum and volatility.
Bayer Rule 2 in Effect:
“Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to a big move.”
This suggests heightened volatility in the coming sessions.
Price Near Octave Point (22,885) → A crucial level that could act as support or resistance.

Key Levels to Watch

Bullish Confirmation: A close above 22,975–23,000 → Could extend the rally to 23,189 / 23,300.
Bearish Breakdown: Below 22,800 → Could trigger a downside move.

Nifty saw the impact of the Gann seasonal date, leading to a strong 300+ point rally and a breakout from the Gann angle, as discussed in the video below. Sun in Aries also played its role in driving the market higher, pushing Nifty up 3.5% for the week.

Key Technical & Astro Insights

Gann Seasonal Date Impact → Triggered a strong breakout.
Sun in Aries → Historically known to drive momentum in equities.
Neptune Apogee Tomorrow → Pharma stocks should be on the radar, as Neptune influences this sector.

Key Levels to Watch

Support Zone: 23150–23189 → Bulls need to defend this range for further upside.
Upside Targets: 23471–23500 → The rally can extend towards these levels if support holds.

 

Nifty Trade Plan for Positional Trade ,Bulls will get active above 23261 for a move towards 23336/23412 Bears will get active below 23110 for a move towards 23034/22959

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

Nifty March Futures Open Interest Volume stood at 1.54 lakh cr , witnessing liquidation of 13 Lakh  contracts. Additionally, the increase in Cost of Carry implies that there was closeure of LONG positions today.

Nifty Advance Decline Ratio at 46:04 and Nifty Rollover Cost is @22724  closed above it.

Nifty Gann Monthly  Trade level :22336 closed above it

Nifty has closed below its 20 SMA @ 22553 Trend has changed to Buy on Dips till above 23000

Nifty options chain shows that the maximum pain point is at 23300 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.

Nifty 50 Options Chain Analysis

The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 23300 strike, followed by 23500 strikes. On the put side, the highest OI is at the 23000 strike, followed by 22900 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 23100-23400 levels.

In the cash segment, Foreign Institutional Investors (FII) bought 3239 Cr  , while Domestic Institutional Investors (DII) sold 3136 cr.

Traders who follow the musical octave trading path may find valuable insights in predicting Nifty’s movements. According to this path, Nifty may follow a path of 22094-22751-23408-24105-24801 This means that traders can take a position and potentially ride the move as 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. 

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 Nifty Futures’ Trend Change Level is At 22573. 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 23134, Which Acts As An Intraday Trend Change Level.

Nifty Intraday Trading Levels

Buy Above 23225 Tgt 23275, 23323 and 23385 ( Nifty Spot Levels)

Sell Below 23150 Tgt 23095, 23045 and 23003  (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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