11 Aug Finance Nifty Trade Setup

By | August 11, 2023 9:10 am

As Discussed in Last Analysis

Finance Nifty saw a dip today based on our yesterday analysis and fall stopped at 50 SMA, and we saw a decent recovery in 2 half of the session. TOmmrow we have RBI Policy and Finance Nifty will be completing 99 Days from 16 March Low so if Price is unable to close above 20100 we can see a revisit of 19900 Low. Todays rally was more of short covering. Mercury Trine Jupiter aspect formed today so above 20125 Bulls will have upper hand which is todays high and 20 DMA. 

Finance Nifty saw the effect of 99 Gann Bars and astro time cycle as disccused in below video, Price has closed below 50 SMA which is short term bearish, Markets are slave of liquidity with RBI sucking out liquidity Banking stocks should be under pressure.


Finance Nifty Trade Plan  Bulls will get active above 20080 for a move towards 20130/20183/20236. Bears will get active below 19970 for a move towards 19918/19864/19811. — 2 Target done on downside. 

 Traders may watch out for potential intraday reversals at 9:15,11:46,12:47,01:39,2:21 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 80760 with addition of 5240 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT positions today.

Finance Nifty Advance Decline Ratio at 2:18, Finance Nifty Rollover Cost is @20638

Finance Nifty  has been trading below 20 SMA 20254  and can move towards 50 SMA at 19904 — 19904 done Unable to close above 19922 can lead to fall towards 19356

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 has closed below 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.  This indicates that market participants anticipate Finance  Nifty to stay within the 19800-20000 range.

The Finance Nifty options chain shows that the maximum pain point is at 20100 and the put-call ratio (PCR) is at 0.91. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

No amount of study or practice can make one successful in the handling of capital if one really is not cut out for it.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20216. 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 20022 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 19956 Tgt 20022, 20075,20122 (Fin Nifty Spot Levels)

Sell Below 19843 Tgt 19810, 19777 and 19729 (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: Daily

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.

Leave a Reply