An analysis of the behavior of FIIs in the Nifty index futures market reveals that FIIs are taking a bullish approach as they favor LONG positions. On a net basis, FII was long on his 11,670 contracts worth 12.9 billion contracts, with net open interest increasing by 490 contracts.
As explained in the previous analysis
We have seen the impact of Beyer's Rule No. 2 due to a sharp pull, and the bulls can protect 22048 on a closing basis, and “Rule No. 2” will be applied tomorrow. 38 Mercury Latitude Heliocentric When Mercury in this motion transits through the degrees above, it will produce some strong fine ups and downs,” with Venus conjunct Mars, an important aspect for short-term trading. Intraday traders should note the high and low prices of the first 15 minutes to place a trade. Mars is a plan of energy and will lead to unstable and fast swings tomorrow.
Mars did its job, and as we discussed, we saw major erratic movements. Nifty has formed a new all-time high and we will see another volatile move as Mercury is changing signs today and there will be a full moon over the weekend, market sign changes are genre-wise Bears need a break above 21950 and bulls need a move above 22319 to lead to a trend change.
Nifty trading plan for position trading, bulls become active above 22319 towards 22392/22466. The bears will become active below 22171 towards 22097/22023.
Traders may note that there are possible intraday reversals at 10:35, 11:19, 12:24, 1:11, and 02:15. How to find and trade intraday reversal times
The open interest in Nifty February futures was Rs 111,000,000 cr with 0.66 million contracts liquidated. Furthermore, the increase in cost of carry means that short positions were closed today.
Nifty Advance Decline Ratio is 24:26 and Nifty Rollover Cost is closing above it @21592.
Nifty Gann monthly purchase transaction level: 21915 and Gann's monthly sales transaction level: 21646
Nifty closed above 20/50/100/200 SMA. The trend is a push buy until it holds her 22045. A break at 21952 means the bears will return.
A clever option chain is The maximum pain point is 22300 and put call ratio (PCR) is 1.05. Typically, when PCR open interest is in the range of 0.90 to 1.05, the market tends to stay range-bound.
Nifty 50 Option Chain Analysis
The Nifty 50 options chain shows that the highest open interest (OI) on the call side is 22300 strikes, followed by 22400 strikes. On the put side, the highest OI is the 22100 strike, followed by the 22000 strike. This suggests that market participants expect the Nifty 50 to remain in the range of 21900-22200 levels.
In the cash segment, foreign institutional investors (FII) sold 141 billion, Domestic institutional investors (DII) Purchased $1.823 billion.
trader following the musical octave trading path It may provide valuable insights in predicting Nifty's movements. Following this path, Nifty may follow the next path. 22467-21836-21205 This means traders may be able to lock in positions and ride the move as Nifty moves through these levels.Of course, it is important to keep in mind that trading is inherently risky and market movements can be unpredictable.
You tell yourself that you need to follow your rules, make smaller trades, or avoid trading during certain market conditions or times. Yet you still make the same mistakes, lose money, and accumulate frustration. Attempts to change fail because they lack emotional strength.
For position traders, the trend change level of Nifty futures is 21900. By going long or short above or below this level, you can stay on the same side as financial institutions with a higher risk-reward ratio. Intraday traders can keep an eye on 22100, which acts as an intraday trend change level.
Nifty intraday trading levels
Purchase for 22300 or more TGT 22323, 22366, 22399 ( Nifty spot level)
22222 Tgt Sold below 22190, 22144, 22108 (Nifty spot level)
As always, I wish you good health and successful trading. As always, prioritize your health and trade with caution.
As always, it is important 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, so it's important to be adaptable and approach cautiously.
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