Finance Nifty Outlook: Analyzing the Market Trends for 120 July 2023

By | July 20, 2023 8:52 am

As Discussed in Last Analysis

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 formed an Inside bar pattern on astro date its a lethal combo for a good move. Price has closed above 20340 Rahu Ingress High so its advantage Bull till we are above 20340.


Finance Nifty Trade Plan Based  Bulls will get active above 20388 for a move towards 20448/20508/20568/20629. Bears will get active below 20268  for a move towards 20208/20147/20087/20027.

Traders may watch out for potential intraday reversals at 9:19,10:41,1:04,1:49,2:44 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 68880 with liquidation of 18960 contracts. Additionally, the decrease in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Advance Decline Ratio at 10:10

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 20300 and the put-call ratio (PCR) is at 1.04. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

There are two parts to proper preparation for us: 1) the preparation necessary before the Bell rings, and 2) the specific trading information you must obtain before you can make a trade.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20172. 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 20335  , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 20400 Tgt 20450, 20500 and 20555  (Fin Nifty Spot Levels)

Sell Below 20323 Tgt 20285, 20225 and 20180 (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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