Finance Nifty 04 Jan 2024 Trade Plan

By | January 3, 2024 10:46 pm

As Discussed in Last Analysis

Mercury and Jupiter both have turned direct as discuused in below video, Mercury is moving in Sagittarius. Today we have Moon Declination which is very important as discussed in below video. Intrdaay traders can use first 15 mins High and low to trade.

Mercury and Jupiter both have turned direct as discuused in below video.Tommrow Mars is also moving to Capricon, IN last 1 Week Venus/Merucry/Mars has changed sign. As Multiple plannets change sign Market also trend to changes the direction. Mars is an energy plannet so tommrow we can see an explosive move. Till Below 21300 Bears have upperhand. Finance Nifty is fist major index to close below 20 SMA.

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 21406 for a move towards 21480/21553. Bears will get active below 21259 for a move towards 21186/21112

 Traders may watch out for potential intraday reversals at 10:00,11:35,12:01,1:41,2:20 How to Find and Trade Intraday Reversal Times

Finance Nifty Nov Futures Open Interest Volume stood at 77000 with liquidation of 3360 contracts. Additionally, the idecrease in Cost of Carry implies that there was a addition of SHORT positions today.

Finance Nifty Decline Ratio at 11:08 and Finance Nifty Rollover Cost is @48411 closed below it. 

Ft 08:11, Finance Nifty Rollover Cost is @21524 closed below  it.inance Nifty Gann Monthly Trend Change Level : 21361

Finance Nifty has clsoed below its 20 SMA @21311



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 21300 strike, followed by the 21400 strike. On the put side, the 21200 strike has the highest OI, followed by the 21100 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 21100-21400 range. 

The Finance Nifty options chain shows that the maximum pain point is at 21250 and the put-call ratio (PCR) is at 0.85. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Traders always aim for holy grail in trading. They think that will be the answer for all their hardships they are facing because of trading financial markets.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 21555. 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 21043, Which Acts As An Intraday Trend Change Level.

Finance  Nifty Intraday Trading Levels

Buy Above 21270 Tgt 21300, 21325 and 21370 ( Finance Nifty Spot Levels)

Sell Below 21192 Tgt 21166, 21128 and 21085 ( 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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