FIIs Maintain Bearish Bias in Nifty Futures – May 23, 2024
Foreign Institutional Investors (FIIs) continued to reflect a bearish stance in the Nifty Index Futures market by shorting 1,945 contracts worth ₹363 crore. Importantly, this led to a net open interest increase of 8,619 contracts, suggesting fresh short positions are being built despite a rise in long exposure.
FII Activity Breakdown:
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✔ Longs Added: 3,670 contracts
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✔ Shorts Added: 2,558 contracts
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Net OI Change: +8,619 contracts
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FII Long-to-Short Ratio: 0.49
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Current FII Positioning: 33% Long : 67% Short
Interpretation:
While FIIs are adding both long and short positions, their bias remains clearly short-heavy, indicating hedging into potential volatility or downside risk.
Client Behavior:
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✔ Longs Covered: 2,789 contracts
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✔ Shorts Added: 3,104 contracts
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Client Long-to-Short Ratio: 1.49
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Current Client Positioning: 60% Long : 40% Short
Interpretation:
Clients appear to be reducing bullish bets while increasing shorts, possibly reacting to weak price action or resistance zones. While still net-long, sentiment appears to be shifting cautiously.
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Bayer Rule 6:
“The price is at a bottom when Mars is at 16°35′ of any zodiac sign, and a reversal is likely as it moves +30°.”
This astrological condition is coming into effect today, signaling a potential key turning point for Nifty. Historically, this setup has preceded sharp trend changes, especially when prices are coiling in narrow ranges — just like we’re seeing now.
Technical + Astro Confluence
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Current Setup: Nifty is trading in a tight range, reflecting compression — typically a precursor to volatility expansion.
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Time Trigger: The astro cycle activation combined with weekly closing pressure can act as a catalyst for a breakout or breakdown in the next 1–2 sessions.
Key Weekly Closing Levels to Watch:
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Bullish Control Zone: 24900–24950
A close here may reinforce the uptrend and encourage continuation next week. -
Bearish Control Zone: Below 24650
A close below this level could invite selling pressure and profit booking.
Trading Strategy:
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Stay light ahead of the close; volatility expansion is expected early next week.
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Watch for a breakout from today’s range.
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Use weekly close positioning to gauge directional bias for Monday.
Nifty delivered a textbook upmove right on cue with the Bayer date highlighted in our previous analysis — validating the astro-technical confluence at work.
Key Astro Events Coming Up:
The upcoming week features two major planetary ingresses:
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Mercury Ingress
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Saturn Ingress
➡️ This creates a Double Ingress setup, which historically triggers strong directional moves across major indices, especially when aligned with key price levels.
As discussed in the video below, this astro setup acts as a time trigger, often unleashing volatility and trend shifts within 1–2 sessions.
⚠️ Trader’s Outlook & Strategy:
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✅ Trade with well-defined levels and risk management in place.
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Avoid emotional trades — volatility can be deceptive.
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Upside momentum could intensify if Nifty sustains above last week’s high.
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Watch for reversals if price reacts sharply near known Gann or astro resistance zones.
The red dashed line marks the astro time trigger on May 27, 2024 — a zone historically tied to directional changes.
The shaded area represents the ±100 point volatility zone, highlighting the potential expansion range in response to planetary energy shifts.
Key Insight:
Expect explosive movement or trend acceleration in the next 1–2 sessions. Keep stops tight and trade only with confirmation above breakout zones.
Nifty Trade Plan for Positional Trade ,Bulls will get active above 24927 for a move towards 25006/25084/25163 Bears will get active below 24770 for a move towards 24692/24614.
Traders may watch out for potential intraday reversals at 09:34,11:37,12:33,02:05 How to Find and Trade Intraday Reversal Times
Nifty May Futures Open Interest Volume stood at 1.03 lakh cr , witnessing liquidation of 2.5 Lakh contracts. Additionally, the increase in Cost of Carry implies that there was closeure of LONG positions today.
Nifty Advance Decline Ratio at 48:02 and Nifty Rollover Cost is @24321 closed above it.
Nifty Gann Monthly Trade level :24211 closed above it
Nifty has closed Above its 200 SMA @ 24554 Trend is Buy on Dips till above 24555
Nifty options chain shows that the maximum pain point is at 24750 and the put-call ratio (PCR) is at 1.02.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 24800 strike, followed by 25000 strikes. On the put side, the highest OI is at the 24400 strike, followed by 24300 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 24500-24900 levels.
In the cash segment, Foreign Institutional Investors (FII) bought 1794 Cr , while Domestic Institutional Investors (DII) bought 299 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 23037-23722-24408-25134 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.
Those who succeed big at anything all have the same attitude: You keep going until it happens or you die trying. Quitting is not an option.
For Positional Traders, The Nifty Futures’ Trend Change Level is At 24607. 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 24855, Which Acts As An Intraday Trend Change Level.
Nifty Intraday Trading Levels
Buy Above 24864 Tgt 24900, 24945 and 25008 ( Nifty Spot Levels)
Sell Below 24820 Tgt 24777, 24729 and 24655 (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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