FII & Client Activity in Index Futures
Foreign Institutional Investors (FIIs) maintained a Bearish stance, actively Shorting contracts worth ₹12535 crore. This led to a net open interest (OI) increase of 4563 contracts, signaling fresh Short additions.
Breaking Down FII Activity
FIIs covered 1738 long contracts → Decreasing their bullish exposure. FIIs added 9123 short contracts → Slight increase in bearish bets.
FII Long-to-Short Ratio: 0.43 → Still short-heavy, but building longs gradually.
FII Positioning: 30:70 (Long:Short)
Client Behavior
Clients added 4125 long contracts → Increasing Longs exposure. Clients covered 1019 short contracts → Reducing bearish bets.
Client Long-to-Short Ratio: 1.30 → Clients remain bullish overall, expecting further upside.
Client Positioning: 57:43 (Long:Short)
Market Implications
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FIIs are increasing bearish exposure and remain short-heavy.
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Clients are maintaining a bullish bias but booking profits.
Top 100 Trading Blogs: FeedSpot Honors Bramesh’s Technical Analysis
Trump’s Retaliatory Tariffs Take Effect → Could weigh on global equities, especially trade-sensitive sectors.
US Bond Yields Falling → Signals risk-off sentiment but could support emerging markets.
Dollar Index Weakening → Generally positive for EMs, limiting the downside impact on India.
Astro Analysis: Mercury at 0° Declination – A Key Market Turning Point
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Declination determines how high a planet rises or sets in the sky, influencing market cycles.
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When Mercury reaches 0° declination, it aligns with the celestial equator, often marking trend shifts or volatility spikes.
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Historically, major reversals or sharp directional moves have occurred around such planetary alignments.
Key Technical Levels for Bank Nifty
Support & Potential Reversal Zone
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23108– 23070 → If Nifty holds this zone, expect a sharp recovery with upside targets at 23222-233000.
Breakdown Levels & Bearish Targets
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Below 23050 → Bears could take control, dragging prices toward 22920-22800
Intraday Trading Strategy
Watch the First 15-Minute High & Low → This will set the intraday trend direction.
Volatility Expected in First Half → Due to astro alignment & global uncertainty.
Astro & macro factors align for a high-volatility session. Stay cautious, hedge positions, and avoid excessive leverage.
Nifty broke its first 15-minute high and rallied strongly, closing near the day’s high as Mercury Declination showed its Imapct.
Trump’s tariffs had minimal impact on Indian markets due to a decline in US bond yields and weakness in the Dollar Index.
Astro Events Ahead – The next few days will see multiple astrological influences, so traders should proceed with caution.
Key Levels for Weekly Close (April 4, 2024)
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Bears’ Target : 22136–22108 → If they manage to push prices lower, we could see selling pressure.
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Bulls’ Target : 23323–23341 → A close above this range could signal further upside momentum.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 23258 for a move towards 23334/23411 Bears will get active below 23181 for a move towards 23104/23027/22951
Traders may watch out for potential intraday reversals at 10:10,11:24,12:15,01:15,02:09 How to Find and Trade Intraday Reversal Times
Nifty April Futures Open Interest Volume stood at 1.30 lakh cr , witnessing addition of 4.2 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was addition of LONG positions today.
Nifty Advance Decline Ratio at 23:27 and Nifty Rollover Cost is @23797 closed below it.
Nifty Gann Monthly Trade level :23979 closed above it
Nifty has closed Below its 200 SMA @ 23456 Trend has changed to Sell on Rise till below 23450
Nifty options chain shows that the maximum pain point is at 23250 and the put-call ratio (PCR) is at 1.17 .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 23400 strikes. On the put side, the highest OI is at the 23100 strike, followed by 23000 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 23000-23400 levels.
In the cash segment, Foreign Institutional Investors (FII) sold 2806 Cr , while Domestic Institutional Investors (DII) bought 221 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.
A trading strategy is the same; you need to be faithful to it for it to give back to you.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 23306 . 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 23344, Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 23226 Tgt 23266, 23312 and 23366 ( Nifty Spot Levels)
Sell Below 23196 Tgt 23161, 23121 and 23085 (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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