Trading

Venus Ingress Impact on Nifty – Bramesh’s Technical Analysis

FII bought 575 contract of Index Future worth  109 cores, Net OI has increased by 6.2 K contract 3.4 K Long contract were added by FII and 2.8 K Shorts were added by FII. Net FII Long Short ratio at 1.51 so FII used rise to enter long and enter short in Index Futures.

Low made 18311 so bulls were able to protect 18225 and closed above 18305 again, VIX has come down significantly so we can see lower voaltile moves for next few days. Sautrn Jupiter coming at 40 degree and Mercury MAx distance from earth it take 2-3 days for long term plannet to show impact. 16-17 Mercury and Venus are going in Ingress so can lead to trending move after 2 days.

Nifty has finally closed above Jan 2022 high of 18351 now this will become a good support for Nifty,We will see impact of Venus Ingress tommrow first 15 mins High and Low will guide for the day.  Till we do not close below 18263 Bulls have upper hand.

Nifty Swing Trade Plan based on Astro Date High and Low is as below. Till we are holding 18305 move towards 18417/18484/18550. Bears will get active below 18263 for a move towards 18196/18128/18060. 18417 done now waiting for 18484/18550

For Swing Traders Bulls will get active above 18305 for a move towards 18417/18484/18550. Bears will get active below 18107 for a move towards 17996/17928/17862, Swing Shorts were not intiated due to gap down, 

Intraday time for reversal can be at 9:15/10:29/11:51/12:25/1:05/2:53   How to Find and Trade Intraday Reversal Times

MAX Pain is at 18500 PCR at 0.85  PCR below 0.78 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Maximum Call open interest of 32 lakh contracts was seen at 18500 strike, which will act as a crucial resistance level and Maximum PUT open interest of 38 lakh contracts was seen at 18300 strike, which will act as a crucial Support level

Nifty Nov Future Open Interest Volume is at  1.19Cr with addition of 0.34 Lakh with decrease in cost of carry suggesting Long positions were added today.

Retailers have sold 444 K CE contracts and 231 K CE contracts were shorted by them on Put Side Retailers bought 542 K PE contracts and 382 K PE shorted contracts were added by them suggesting having BEARISH outlook.

FII bought 2.3 K CE contracts and 14.9 K CE were shorted by them, On Put side FII’s bought 14.9 K PE and 64.5 K  shorted PE were covered by them suggesting they have a turned to BULLISH Bias.

FII’s sold 221 cores and DII’s sold 549 cores in cash segment.INR closed at 81.21

#NIFTY50  as per musical octave trading path can be 17551-18058-18595  take the side and ride the move !! 2 days in a row closed above 18058

Do not trade with tiny account, Its better to paper trade and build yourself until there is reasonable amount in your account. The market will wait for you. You want odds to be with you not against you, so be patient with right amount of capital.

Positional Traders Trend Change Level is 18149 on Futures go long and short above/below it That will help you stay on the side of Institutions and which has a greater risk-reward ratio. Intraday Traders 18462will act as a Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18484 Tgt 18512, 18555 and 18599 (Nifty Spot Levels)

Sell Below 18385 Tgt 18323, 18300 and 18275 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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