Finance Nifty Outlook: Analyzing the Market Trends for 19 July 2023

By | July 19, 2023 8:12 am

As Discussed in Last Analysis

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.

Yesterday, the Finance Nifty experienced significant volatility, which can be attributed to the impact of the North Node. The price faced difficulty in surpassing its all-time high of 20,577. The volatile movement may continue today as well. Today, we have two important short-term astrological events: Venus Square Mercury HELIO and Pluto, along with Earth being at its minimum distance. These events involving Mercury, Venus, and the outer planet Pluto indicate the potential for volatile moves in the Finance Nifty. As long as the price remains below 20,340, the bears may have a slight advantage.


Finance Nifty Trade Plan Based  Bulls will get active above 20290 for a move towards 20362/20433/20505. Bears will get active below 20218 for a move towards 20146/20075/20003

Traders may watch out for potential intraday reversals at 9:36,10:43,1:082,2:39 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 87840 addition of 7400  contracts. Additionally, the decrease in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Advance Decline Ratio at 4:15

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 20529 

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 20250 and the put-call ratio (PCR) is at 0.94. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Confidence is trait which a trader needs to develop to make money on consistent basis. Trading success is achieved when trader is able to execute trades confidently and overcoming trading emotions.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20160. 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 20328 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 20290 Tgt 20343, 20399 and 20456  (Fin Nifty Spot Levels)

Sell Below 20200 Tgt 20155, 20104 and 20048 (Fin Nifty Spot Levels)

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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