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 7,795 contracts worth ₹1,167 crore. This led to a net open interest increase of 4,011 contracts, signaling fresh long positions being built.
Key Takeaways from FII Activity
FIIs adding 7,795 contracts confirms strong buying interest in Bank Nifty. Increase in Open Interest (+4,011 contracts) suggests genuine long buildup, rather than just short covering. This indicates FIIs are positioning for further upside momentum.
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.
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 Trade Plan for Positional Trade ,Bulls will get active above 49732 for a move towards 49952/50173/50393 Bears will get active below 49511 for a move towards 49291/49070/48850.
Traders may watch out for potential intraday reversals at 10:07,11:00,12:10,01:32,02:52 How to Find and Trade Intraday Reversal Times
Bank Nifty March Futures Open Interest Volume stood at 29.7 lakh, with liquidation of 0.39 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 11:01 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 Dipstill above 49000
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 49000-50000 range.
The Bank Nifty options chain shows that the maximum pain point is at 49500 and the put-call ratio (PCR) is at 0.92 . 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 48633. 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 49708, Which Acts As An Intraday Trend Change Level.
BANK Nifty Intraday Trading Levels
Buy Above 49816 Tgt 49920, 50050 and 50225 ( BANK Nifty Spot Levels)
Sell Below 49630 Tgt 49555, 49414 and 49150 (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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