Finance Nifty Trade setup for 04 Aug

By | August 3, 2023 11:36 pm

As Discussed in Last Analysis

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

Finance Nifty broken 1×1 Gann Angle on 01 Aug and now heading towards 3×4 around 19658-19666 zone, Price has closed below 50 SMA. 19865 is important zone to be seen tommrow if unable to close above it fall can extend towards 19658-19666, Coming Week 06-07 Aug we have 2 important Bayers Date coming so carry overnight position specially short with hedge.

Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.

Bayer Rule 7: There are changes on market when Venus or Mars goes over its Aphelium Perihelium (Geocentric).


Finance Nifty Trade Plan  Bulls will get active above 19889 for a move towards 19960/20032/20103. Bears will get active below 19818 for a move towards 19747/19676

 Traders may watch out for potential intraday reversals at 9:39,12:58,1:38,2:45 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 71120   with addition of 7440 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT positions today.

Finance Nifty Advance Decline Ratio at 4:15, Finance Nifty Rollover Cost is @20638

Finance Nifty  has broken its 50 SMA support and heading towards 100 SMA @19244

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 19900 strike, followed by the 20000 strike. On the put side, the 19700 strike has the highest OI, followed by the 19600 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 19700-19900 range.

The Finance Nifty options chain shows that the maximum pain point is at 19950 and the put-call ratio (PCR) is at 0.87. 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 20331   . 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 20001, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 19858 Tgt 19901, 19950 and 20001 (Fin Nifty Spot Levels)

Sell Below 19799 Tgt 19743, 19701 and 19666 (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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