FIIs Continue Bullish Approach in Bank Nifty Futures
Foreign Institutional Investors (FIIs) maintained their bullish stance in the Bank Nifty Index Futures market by buying 3,057 contracts worth ₹722 crore.
However, this move resulted in a net open interest (OI) decrease of 30,357 contracts, suggesting that a significant portion of positions were rolled over or squared off, possibly indicating:
Profit Booking after the recent rally
Short Covering, reducing overall bearish exposure
The ‘formula’ for trading Success :Consistency
As Discussed in Last Analysis
Bank Nifty has confirmed a perfect reversal, aligning with Bayer Rule 14 & 22, as discussed in the video below. The index closed below the 51429, signaling bearish momentum.
Additionally, last month’s expiry was at 48743 , and Nifty is still 2500 points above that level. However, with the current weakness, another gap-down opening is likely tomorrow.
Key Levels to Watch
Crucial Support Zone: 51970-52000
→ If bulls fail to defend this range, expect a further decline to 50700/50250.
Bullish Reversal Only Above: 23,561
→ For any meaningful upside, Nifty must reclaim 51608.
Final Thoughts: Bayer rules played out as expected—now, all eyes on 52000 for the next major move!
Today marks the weekly, monthly, quarterly, and financial year-end close as March 31 is a trading holiday. Additionally, a Solar Eclipse over the weekend could lead to high volatility and a gap opening on April 1.
Key Levels to Watch for Bank Nifty
Quarterly Open: 50,841 CMP: 51,575 Bearish Close Target: 51,200–51,300 Bullish Close Target: Above 52,000
Last 1 Hour of Trading = High Volatility
Expect wild swings due to adjustments in HDFC Bank & ICICI Bank, especially for tax-loss harvesting.
Risk Management for Overnight Positions
Carry hedged positions, as the market could open with a significant gap-up or gap-down on Monday.
Bank Nifty Trade Plan for Positional Trade ,Bulls will get active above 51700 for a move towards 51922/52148 Bears will get active below 51472 for a move towards 51246/51021
Traders may watch out for potential intraday reversals at 10:33,11:41,01:11,02:28 How to Find and Trade Intraday Reversal Times
Bank Nifty April Futures Open Interest Volume stood at 27.3 lakh, with addition of 4.8 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 09:03 and Bank Nifty Rollover Cost is @52173 closed above it.
Bank Nifty Gann Monthly Trade level :48414 closed above it.
Bank Nifty closed above 200 SMA @48984 ,Trend is Buy on Dips till above 51000
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 50541-52044-53548. 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 51500 strike, followed by the 52000 strike. On the put side, the 51000 strike has the highest OI, followed by the 50500 strike.This indicates that market participants anticipate Bank Nifty to stay within the 51500-50500 range.
The Bank Nifty options chain shows that the maximum pain point is at 51500 and the put-call ratio (PCR) is at 0.93. 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 .
It’s not just putting in the hours that will make you successful; it’s the persistent intention to improve by examining your results, tweaking your approach, and making incremental progress.
For Positional Traders, The Bank Nifty Futures’ Trend Change Level is At 51970 . 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 51970, Which Acts As An Intraday Trend Change Level.
Intraday Levels for Bank Nifty:
Buy Above 51610 Tgt 51729, 51843 and 51999 ( Bank Nifty Spot Levels)
Sell Below 51500 Tgt 51385, 51212 and 51108 (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.
► Join Youtube channel : Click here
► Check out Gann Course Details: W.D. Gann Trading Strategies
► Check out Financial Astrology Course Details: Trading Using Financial Astrology
► Check out Gann Astro Indicators Details: Gann Astro Indicators