Gann and Astro Time Cycle Confluence Fin Nifty 19 Oct 2023 Analysis

By | October 19, 2023 12:10 am

As Discussed in Last Analysis

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.

We have seen Impact of Gann 144 Days and Astro Cycle with Mars/Mercury/Venus/North node. 19666-19683 range is importnat demand zone  If 19666 and sustained below it for 15 mins 19500/19412 quiet possible as  Mercury Opposition North Node Aspect is forming again voaltile day is coming.

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 19700 for a move towards 19769/19840. Bears will get active below 19628 for a move towards 19557/19487/19416

 Traders may watch out for potential intraday reversals at 9:38,10:35,1:31,2:07 How to Find and Trade Intraday Reversal Times

Finance Nifty Oct Futures Open Interest Volume stood at 81360 with addition of 10880 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT   positions today.

Finance Nifty Advance Decline Ratio at 02:17, Finance Nifty Rollover Cost is @19961 closed below it

Finance Nifty closed above 20/50/100 SMA and heading towads 19500  till we close below 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 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 19600 strike has the highest OI, followed by the 19500 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 19500-198000 range. 

The Finance Nifty options chain shows that the maximum pain point is at 19650 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.

You will not be rewarded because you didn’t follow the process. You will not be rewarded because you broke the rule. You will not be rewarded because you simply lack discipline.

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 19838 , Which Acts As An Intraday Trend Change Level.

FIN Nifty Intraday Trading Levels

Buy Above 19700 Tgt 19729, 19777 and 19800 ( Fin Nifty Spot Levels)

Sell Below 19628 Tgt 19600, 19575 and 19512 (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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