Finance Nifty Forms NR7 Trade Plan for 29 Aug

By | August 30, 2023 8:43 am

As discussed in Last Analysis 

Finance Nifty saw a decent bounce back today showing IMpact of Mars Ingress as shown in below video, Tommrow Uranus is turing Direct which could act volatlity in the Finance Nifty. Also we have “Bayer Rule 15: VENUS HELIOCENTRIC LATITUDE AT EXTREME AND LEAST SPEEDS FOR MAJOR MOVES Imp Rule” so expect a volatile move tommrow.

Finance Nifty has formed an NR7 pattern, range was lowest in last 7 days and price is also near its 20 DMA. Today we also have “RULE NO. 38 MERCURY LATITUDE HELIOCENTRIC Some mighty fine tops and bottoms are produced when Mercury in this motion passes the above mentioned degrees” , FIn Nifty will open gap up so watch out for first 15 mins HIgh and LOw to capture trend for the day.


Finance Nifty Trade Plan  based on Astro Date ,Bulls will get active above 19800 for a move towards 19877/19956/20036. Bears will get active below 19638 for a move towards 19558/19478/19400.

 Traders may watch out for potential intraday reversals at 10:35,11:23,12:26,1:20,2:10 How to Find and Trade Intraday Reversal Times

Finance Nifty June  Futures Open Interest Volume stood at 69720 with addition of 14520 contracts. Additionally, the increase in Cost of Carry implies that there was a covering of SHORT positions today.

Finance Nifty Advance Decline Ratio at 10:09, Finance Nifty Rollover Cost is @20638

Finance Nifty is back to 19801 its 20 SMA will act as resistance.

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 19800  strike, followed by the 19900  strike. On the put side, the 19700 strike has the highest OI, followed by the 19600 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 19600-19900 range.

The Finance Nifty options chain shows that the maximum pain point is at 19800  and the put-call ratio (PCR) is at 0.92 . Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

We must realize that the market defies logic. It has a logic all its own, and it won’t tell us in advance what its reaction to events will be. We can watch for clues and then react.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 19796 . 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 19938, Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels for Finance Nifty

Buy Above 19840 Tgt 19881, 19920 and 19963 (Fin Nifty Spot Levels)

Sell Below 19800 Tgt 19762, 19729 and 19699 (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: Finance NIfty Daily Analysis

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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