November 21,2023 Finance Nifty Weekly Expiry Analysis

By | November 21, 2023 9:12 am

As Discussed in Last Analysis

We have Mercury Ingress today, as discussed in the video below, and we anticipate an opening with a gap down. The price is near Gann’s 1×2 angle support, and it aligns with an important Gann date. This confluence of both price and time, coupled with a DOJI formation, creates the perfect recipe for a significant move. Clear trigger levels are outlined for both the buy and sell sides.

Always remember, trading is about probability, not certainty.

Finance Nifty has formed Inside Bar near gann angle. We have a Gann Natural Date approaching, and also, the Sun Ingress and Bayer’s Rule will come into effect tomorrow, 22 Nov. The VIX also saw an uptick above 12 after many days. The market is preparing itself for a trending move as both Gann and astro cycles are converging. We have shared swing levels below.


Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 19560 for a move towards 19631/19701. Bears will get active below 19420 for a move towards 19356/19250. 

 Traders may watch out for potential intraday reversals at 9:31, 11,1:45,2:21  How to Find and Trade Intraday Reversal Times

Finance Nifty Nov Futures Open Interest Volume stood at 70040 with addition  of 3560 contracts. Additionally, the decrease in Cost of Carry implies that there was a addition of SHORT positions today.

Finance Nifty Advance Decline Ratio at 10:09, Finance Nifty Rollover Cost is @19275 closed above it.

Bank Nifty Gann Monthly Trend Change Level : 19326 

Finance Nifty has closed below 50/100 DMA, Break of 19420 –20 SMA quick fall towards 19326/19287

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 18832-19376-19953 . 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 taken closed above  19376

According to the Finance Nifty options chain, the call side has the highest open interest (OI) at the 19550 strike, followed by the 19650 strike. On the put side, the 19450 strike has the highest OI, followed by the 19400 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 19400-19600 range. 

The Finance Nifty options chain shows that the maximum pain point is at 19500 and the put-call ratio (PCR) is at 0.88 . Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

“Years of practice at the game, of constant study, of always remembering, enable the trader to act on the instant when the unexpected happens as well as when the expected comes to pass.”

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 19539 . 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 19585 , Which Acts As An Intraday Trend Change Level.

Finance Nifty Expiry Range

Upper End of Expiry : 19642

Lower End of Expiry : 19394

Finance  Nifty Intraday Trading Levels

Buy Above 19529 Tgt 19555, 19585 and 19610  ( Finance Nifty Spot Levels)

Sell Below 19480 Tgt 19450, 19425 and 19394 ( Finance 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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