The Planetary Dance: Fin Nifty 18 Oct 2023 Analysis with Venus, Mars, Mercury Alignments

By | October 18, 2023 7:00 am

As Discussed in Last Analysis

Finance Nifty will react of HDFC BANK Results today Price is still below 1×1 line and trading below 20/50 SMA and also forming multiple small candels, as discussed in below Video Solar Eclispse should see reversal in market so we can see good move in next 1-2 days. 19875-19882 range is Gann Monthly and Annual TC level closing above it can see move towards 20000/20167.

Finance  Nifty has completed 144 trading sessions from 16 Mar 2023 Low and We have Multiple Astro events Involving Mars/Mercury/Venus/North node as discussed in below video, so as both Astro and Gann cycle combine we should see explosive move in Finance   Nifty. Watch for first 15 mins High and Low for today to capture the intraday move.

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 19954 for a move towards 20023/20093. Bears will get active below 19814 for a move towards 19744/19674.

 Traders may watch out for potential intraday reversals at 9:34,10:35,12:57,1:35,2:11 How to Find and Trade Intraday Reversal Times

Finance Nifty Oct Futures Open Interest Volume stood at 70480 with liquidation of 2360  contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT   positions today.

Finance Nifty Advance Decline Ratio at 16:03, Finance Nifty Rollover Cost is @19961 closed below it

Finance Nifty closed above 20/50/100 SMA and heading towads 20000/20168  till we close abive 19830.

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 is back to 19953.

According to the Finance Nifty options chain, the call side has the highest open interest (OI) at the 20000 strike, followed by the 20100 strike. On the put side, the 19800 strike has the highest OI, followed by the 19700 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 19950 and the put-call ratio (PCR) is at 0.93. 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 19846 . 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 19993, Which Acts As An Intraday Trend Change Level.

FIN Nifty Intraday Trading Levels

Buy Above 19950 Tgt 19975, 20000 and 20025( Fin Nifty Spot Levels)

Sell Below 19910 Tgt 19885, 19850  and 19816 (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: astro nifty technicals

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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