US Credit Rating Downgrade: Unraveling its Impact on Finance Nifty

By | August 2, 2023 9:01 pm

As Discussed in Last Analysis

Another Sideways day in Finance Nifty and price is near its 1×1 gann angle, Price is trading below low of Outside Bar pattern formed on 27 July, and in range of Mercury Ingress day on 28 July. Wait for price confirmation for range expansion with VIX trading at multi year low so wait for 20407 or  20195 to break to take a swing trade. In Between Strangle with Hedge will work best.  Based on astro and gann time confluence we should get big move in next 2 trading sessions. 

We got the big move as gann and astro time confluenced as discussed in below video


Finance Nifty Trade Plan  Bulls will get active above 20122  for a move towards 20193/20264. Bears will get active below 19979 for a move towards 19907/19836


Traders may watch out for potential intraday reversals at 9:45,12:15,1:50,2:22 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 70640  with liquidation  of 10000 contracts. Additionally, the increase in Cost of Carry implies that there was a closeure   of LONG positions today.

Finance Nifty Advance Decline Ratio at 2:17, Finance Nifty Rollover Cost is @20638

Finance Nifty  has broken its 20 SMA support and heading towards 50 SMA @19853

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 

According to the Finance Nifty options chain, the call side has the highest open interest (OI) at the 20100 strike, followed by the 20200 strike. On the put side, the 19900 strike has the highest OI, followed by the 19800 strike. Total Calls OI is 4.41 Cr and Total Put OI is 3.25 Cr This indicates that market participants anticipate Finance  Nifty to stay within the 20300-20500 range.


The Finance Nifty options chain shows that the maximum pain point is at 20150 and the put-call ratio (PCR) is at 0.98. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Years of practice at the game, of constant study, of always remembering, enable the trader to act on the instant when the unexpected happens as well as when the expected comes to pass.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20397  . 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 20196 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 20078 Tgt 20125, 20166  and 20222 (Fin Nifty Spot Levels)

Sell Below 19999 Tgt 19934, 19885  and 19840 (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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