Finance Nifty Post-FOMC Decision Analysis: Insights for 27th July

By | July 26, 2023 10:31 pm

As Discussed in Last Analysis FOMC Intrerst Rate Decision will come tommrow evening and today we saw a good recovery in Finance Nifty from lower levels, For trending move to come price needs to close below 20471 or above 20611 which are Jupiter Aspect High and low on closing basis. In Between Sideways Action will continue. 

Fed raises interest rates by 25 BPS

There are some important astrological dates tomorrow, so the first 15 minutes’ high and low can provide guidance for the day’s market direction. Additionally, the market is likely to react to the FOMC (Federal Open Market Committee) decision.

Finance Nifty has been trading in a sideways zone, which suggests that a trending move may be expected in the next two days. This sideways movement could lead to a breakout or breakdown, depending on the prevailing market sentiment.

Astrological analysis can be an interesting way to observe potential market movements.

Regarding astrological aspects, “Bayer Rule 21 (variation C)” suggests that strong moves may occur within 5-8 days when retrograde Venus makes a conjunction with retrograde Mercury. The Venus Conjunct Mercury aspect is considered very important for short-term swings in the market. Similarly, the Mercury Trine North Node aspect is also deemed significant for short-term swings.



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 10:11,12:40,1:22,1:58 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 51880  with liquidation of 57200 contracts. Additionally, the decrease in Cost of Carry implies that there was a liquidation 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 20600 strike, followed by the 20700 strike. On the put side, the 20500   strike has the highest OI, followed by the 20400 strike. Total Calls OI is 39.3 Lakh and Total Put OI is 40.78 Lakh This indicates that market participants anticipate Finance  Nifty to stay within the 20400-20700 range.

The Finance Nifty options chain shows that the maximum pain point is at 20500 and the put-call ratio (PCR) is at 0.95. 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 20265. 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 20633, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 20555  Tgt 20610, 20666 and 20729   (Fin Nifty Spot Levels)

Sell Below 20500 Tgt 20450, 20400 and 20343 (Fin Nifty Spot Levels)

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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