Nifty Trade Setup For 12 April

By | April 11, 2022 8:22 pm

FII sold 22.3 K contract of Index Future worth 2166 cores, Net OI has decreased by 7.2 K contract 14 K Long contract were covered by FII and 10.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.5  so FII used fall to exit long and  enter short in Index Futures.

There are 3 Major Aspect today which Involved Finnacial Plannet URanus and can lead to big move in market. Mercury Conjunct Uranus HELIO | Mercury Square Saturn HELIO | MOON Extreme Declination happened on Friday. Till we are holding Friday Low of 17600 Bulls have some chance. For Swing Traders Bulls need to move above 17733 for a move towards 17799/17865/17932. Bears will have chance below 17642  for a move towards 17575/17505/17442.





Intraday time for reversal can be at 9:17/10:57/1:14/2:01/2:43 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17700 PCR at 0.8 , Rollover cost @17418 closed above it. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Nifty April Future Open Interest Volume is at 0.91 Cores with liquidation of 5.7 Lakh with decrease in cost of carry suggesting LONG positions were closed today.

The Option Table data indicates decent support at 17600 and reasonable resistance at 17900 . There is total OI of 6.66 Cores on the Call side and 4.85 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.

FII’s sold 1145 cores and DII’s bought 486 cores in cash segment.INR closed at 76. 

06 April was Mars and Saturn Aspect ,High of 18095 and 17921 is valid for whole year Mark in on your charts and take trade on break of High and Low. 

17828 again will give us 250-300 points move. Almost 200 points done.

Retailers have bought 716  K CE contracts and 618 K CE contracts were shorted by them on Put Side Retailers bought 273 K PE contracts and 289 K PE shorted contracts were added by them suggesting having BULLISH outlook,On Flip Side FII sold 29.6 K CE contracts and 2 K CE were shorted by them, On Put side FII’s bought 3 K PE and 8.2 K PE were shorted by them suggesting they have a turned to neutral Bias.

Reaching your trading potential is not simply adding more “setups” to your trading, writing more in a journal, or vowing ever-tighter “discipline” is the Key

For Positional Traders Stay long till we are holding Trend Change Level 17808 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 17749 will act as a Intraday Trend Change Level.

Buy Above 17690 Tgt 17715, 17743 and 17777 (Nifty Spot Levels)

Sell Below 17624 Tgt 17600, 17575 and 17535 (Nifty Spot Levels)

As always I wish you maximum health and trading success

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