Finance Nifty fails to close above 20 SMA completes 108 Days from 16 March

By | August 25, 2023 9:08 am

As discussed in Last Analysis

We got the big move as per levels mentioned in NSE Finance, Bears  got stopped out and Bulls created an Outside bar pattern Now till price is above 19683 Bulls have upper hand towards 19881. 

Nse Finance did 19881 now today we saw a reversal from higher levels, US Fed will speak of Jackson Hole today evening ,its market turning event as last time when Fed spoke US market saw a decline of 3.5 % in 1 week,We also have important astro event happening on Weekend so trade with hedge for overnight positions.  ALso price has completed 108 days from 16 March Low ,important gann time cycle

  • Mars Ingress
  • Moon Declination
  • “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move “
  • Saturn Earth Maxium Distance
  • Sun Opposition Saturn


Finance Nifty Trade Plan  Bulls will get active above 19658 for a move towards 19722/19787/19852/19918. Bears will get active below 19527 for a move towards 19462/19397/19332/19267 — All Target done.

Finance Nifty Trade Plan  Bulls will get active above 19715 for a move towards 19785/19856/19927. Bears will get active below 19644 for a move towards 19574/19503/19433

 Traders may watch out for potential intraday reversals at 10:54,11:21,12:54,1:47,2:16 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 78240 with liquidation of 12920 contracts. Additionally, the increase in Cost of Carry implies that there was a covering of SHORT positions today.

Finance Nifty Advance Decline Ratio at 10:10, Finance Nifty Rollover Cost is @20638

Finance Nifty has reacted from from 20 SMA @19892, Any break of 19500 fast fall towards 19225/19050

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 reacted from 19953

According to the Finance Nifty options chain, the call side has the highest open interest (OI) at the 19700  strike, followed by the 19800  strike. On the put side, the 19600 strike has the highest OI, followed by the 19500 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 19500-19800 range.

The Finance Nifty options chain shows that the maximum pain point is at 19700  and the put-call ratio (PCR) is at 1.01 . Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Psychology is very important. Trade only when you are mentally and psychologically strong. Your mind and body must be at its top condition when making critical decisions, which risk large sums of money.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 19971 . 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 19829, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 19750 Tgt 19797, 19848 and 19895 (Fin Nifty Spot Levels)

Sell Below 19697 Tgt 19662, 19630 and 19585 (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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