Finance Nifty Weekly Outlook: Analyzing the 18 July 2023 Expiry

By | July 17, 2023 8:31 pm

As Discussed in Last Analysis

Finance Nifty did a perfect bounce from 1×1 gann angle Lunar Node is doing Ingress on 17 JUl with New MOon also happening suggesting we can see explosive move on Monday with levels as mentioned below, Mercury Square Jupiter will have a good Impact on Finance Nifty.

Mercury Square Jupiter Aspect and 144 Bars Gann played a powerful combination, leading to a significant rally in the Finance Nifty. Whenever Gann and Astrology combine, it often indicates a substantial market move. The all-time high of Finance Nifty stands at 20,577, which might prove challenging to surpass. Today’s rise can be attributed to short-covering bounce, and once the short squeeze subsides, the price tends to revert back to the mean.

The movement of the Lunar Node to Aries signifies a potential decline in business activity below normal levels, so it is crucial to observe management commentary to understand future earnings prospects.


Finance Nifty Trade Plan Based  Bulls will get active above 20316  for a move towards 20386/20457. Bears will get active below 20245 for a move towards 20175/20104/20034

Traders may watch out for potential intraday reversals at 9:15,10:47,1:13,1:56,2:51  How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 80440 addition of 3840 contracts. Additionally, the decrease in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Advance Decline Ratio at 11:8

Traders who follow the musical octave trading path may find valuable insights in predicting Bank Nifty’s movements. According to this path, Finance Nifty may follow a path of 20529-19953-19376 . This means that traders can take a position and potentially ride the move as Bank 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.  Price is near 19953 — Perfect bounce from 19953

According to the Finance Nifty options chain, the call side has the highest open interest (OI) at the 20300 strike, followed by the 20400 strike. On the put side, the 20100   strike has the highest OI, followed by the 20000 strike. This indicates that market participants anticipate Bank Nifty to stay within the 20100-20400 range.

The FinanceNifty options chain shows that the maximum pain point is at 20200 and the put-call ratio (PCR) is at 0.96. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound. PCR is on extreme end suggesting we can see sharp reversal .

With every trade I imagine that this will be my worst trade ever. And I think about it beforehand, how much of my money I want to lose with it

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20147. 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 20142, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 20343 Tgt 20399, 20444 and 20500 (Fin Nifty Spot Levels)

Sell Below 20250  Tgt 20200, 20150 and 20077  (Fin Nifty Spot Levels)

Upper End of Expiry : 20421

Lower End of Expiry : 20180

Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.

Category: Fin NIfty

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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