Finance Nifty 25 July Monthly Expiry Analysis

By | July 25, 2023 8:59 am

As Discussed in Last Analysis

ICICI Bank came up with a good set of numbers, while Kotak Bank’s YoY performance was good, but QoQ results were disappointing. If IT stocks take a beating, it usually impacts Finance stocks, which are used to manage the Index. This was evident on Friday when the IT index was down 4%, but Bank Stocks managed to close slightly positive. Today, two planets, Venus and Chiron, are going retrograde, and their impact will likely be seen on Monday. Finance Nifty has formed a perfect DOJI pattern, and the high and low in the first 15 minutes of Monday’s trading will be crucial for guiding the market’s direction. Additionally, the Jupiter 45 Neptune aspect will also have an impact on Finance Nifty.

Finance Nifty continue to trade in range after ICICI and KOtak Bank results. Price is forming lower low lower high and yesterday being Venus Retrogarade so today we can have explosive expiry.

Finance Nifty Trade Plan Based  on Saturn Retrograde Bulls will get active above 20611  for a move towards 20681/20751/20821. Bears will get active below 20471 for a move towards 20401/20331/20262/20192

Traders may watch out for potential intraday reversals at 9:15,12:10,1:33,2:23 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 55720  with addition  of 3700 contracts. Additionally, the decrease in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Advance Decline Ratio at 9:10

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 20700 strike, followed by the 20600 strike. On the put side, the 20500   strike has the highest OI, followed by the 20400 strike. This indicates that market participants anticipate Bank Nifty to stay within the 20400-20700 range.

The FinanceNifty options chain shows that the maximum pain point is at 20500 and the put-call ratio (PCR) is at 0.97. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Your goal every day is to improve. Each day is a gift from the market to improve. Work hard. Each day is an opportunity to get better. Focus on the process

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20232. 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 20551, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 20541  Tgt 20585, 20627 and 20666   (Fin Nifty Spot Levels)

Sell Below 20471 Tgt 20424, 20376 and 20312 (Fin Nifty Spot Levels)

Upper End of Expiry : 20627

Lower End of Expiry : 20376

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

As always, it’s essential to closely monitor market movements and make informed decisions based on a well-thought-out trading plan and risk management strategy. Market conditions can change rapidly, and it’s crucial to be adaptable and cautious in your approach.

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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