Finance Nifty 10 Oct Weekly Expiry Analysis

By | October 10, 2023 9:15 am

As Discussed in Last Analysis

RBI Policy today, Last Policy with increase of ICRR lead to big fall in intraday in FInance Nifty, Till BUlls are holding 19620-19636 rally can extend towards 19825/19875 , Bears will get active below 19598 can lead to swift fall towards 19512/19444. Try to trade after 11:08 to capture the trend.

Finance Nifty saw a sharp decline due to ISRAEL-PALESTINE WAR which lead to sharp increase in Crude price and we also saw the impact of Venus Ingress as discussed in below video. Today as Moon goes in Apogee(The Moon will reach the furthest point along its orbit to the Earth and will appear slightly smaller than at other times.) it can lead to more voaltile move in Bank Nifty. Also 2 Bayers Rule are coming in Effect today so first 15 mins High and Low will guide INtraday traders.

Bayer Rule 5:Mercury Retrograde Zodical Position of One Year ”



Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 19598 for a move towards 19669/19739/19810. Bears will get active below 19528 for a move towards 19457/19387/19316

 Traders may watch out for potential intraday reversals at 9:22,11:56,1:08,2:10,2:43 How to Find and Trade Intraday Reversal Times

Finance Nifty Sep Futures Open Interest Volume stood at 68400 with addition of 11560 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT   positions today.

Finance Nifty Advance Decline Ratio at 04:14, Finance Nifty Rollover Cost is @19961 closed below it

Finance Nifty closed below 20/50/100 SMA and heading towads 19200-19240 till we close below 19875

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 21140-20529-19953 . 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 broken  19953 heading towards 19376.

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 19500 strike has the highest OI, followed by the 19400 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 19400-19700 range. 

The Finance Nifty options chain shows that the maximum pain point is at 19600 and the put-call ratio (PCR) is at 0.83. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Your risk-adjusted return is more important than your gross P&L. You shouldn’t try to make 5K a day by losing 5K. You shouldn’t do this after 10 years and you certainly shouldn’t do this when you start.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 19800. 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 19721 , Which Acts As An Intraday Trend Change Level.

FIN Nifty Expiry Range

Upper End of Expiry : 19710

Lower End of Expiry : 19477 

Intraday Trading Levels for Finance Nifty

Buy Above 19626 Tgt 19648, 19680 and 19710 ( Nifty Spot Levels)

Sell Below 19566 Tgt 19529, 19500 and 19477 (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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