Finance Nifty 14 Dec 2023 Trade Plan

By | December 14, 2023 8:25 am

As Discussed in Last Analysis

Finance Nifty saw its first lower low after the rally that started on 22 Nov. Today was the Gann Emblem date and formed an NR7 pattern, and tomorrow we have a NEW MOON. According to “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to a Big Move,” so again, the first 15 minutes’ High and Low will guide intraday traders. Waiting for Price to break 21132 to trigger gann price time squaring for a move towards 20842.

Finance Nifty Bears were able to brerak 21132 but failed to close below 21132  as it closed at 21171, We will open gap up today with US FED Singalling Rate Cut in Feb 2024. The yield on 10-year U.S. Treasuries fall below 4% for the first time since August. Bulls need to sustain above 21344 for a move towards 21417/21489. Today Moon is going to extreme declination so first 15 mins will guide intraday traders.


Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 21272 for a move towards 21344/21417/21489. Bears will get active below 21132 for a move towards 21055/20983. — 21055 done.

 Traders may watch out for potential intraday reversals at 9:21,11:57,1:50,2:27  How to Find and Trade Intraday Reversal Times

Finance Nifty Nov Futures Open Interest Volume stood at 68280 with addition of 2120 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Advance Decline Ratio at 08:11, Finance Nifty Rollover Cost is @20700  closed above it.

Bank Nifty Gann Monthly Trend Change Level : 20655

Finance Nifty has closed above its 20/50/100/200 DMA, TIll 21075 is held bulls have upper hand and trend is Buy on Dips.


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 20587-21182-21812 . 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.  

According to the Finance Nifty options chain, the call side has the highest open interest (OI) at the 21200 strike, followed by the 21300 strike. On the put side, the 21100 strike has the highest OI, followed by the 21000 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 21000-21300 range. 

The Finance Nifty options chain shows that the maximum pain point is at 21200 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.

My advice to any new traders is to seek a mentor who will offer you trading skills that will allow you to adapt to any market. What works one month may not work the next. But with fully developed trading skills, you can make the necessary adjustments.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 21040. 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 21171, Which Acts As An Intraday Trend Change Level.

Finance  Nifty Intraday Trading Levels

Buy Above 21355 Tgt 21385, 21420 and 21450 ( Finance Nifty Spot Levels)

Sell Below 21323 Tgt 21300, 21275 and 21250 ( 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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