Nifty 05 Jan 2024 Trade Plan

By | January 5, 2024 8:58 am

Analysis of FIIs’ behavior in the Nifty Index Futures market shows a Bullish approach as they displayed a preference for LONG  positions. On a net basis, FIIs went LONG 582 contracts worth 62 crores, resulting in an increase of 960 contracts in the Net Open Interest.

As Discussed in Last Analysis

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 21555 Bears have upperhand.

Mars has shown its impact we saw a big move in Nifty, Nifty opened above 21555 so bears were on backhand from the opening and Mars added fuel to fire. TIll Bulls are holding 21555   Nifty is moving towards its all time high towards 21755/21834.Bears only have chance once below 21555.


Nifty Trade Plan for Positional Trade ,Bulls will get active above 21612 for a move towards 21686/21760/21834. Bears will get active below 21464  for a move towards 21391/21317/21243. — Waiting for 21760/21834

Traders may watch out for potential intraday reversals at 10:01,11:40,12:32,1:37,2:16  How to Find and Trade Intraday Reversal Times

Nifty Jan Futures Open Interest Volume stood at 1.16 lakh cr , witnessing a liquidation of 2.1 Lakh  contracts. Additionally, the increase in Cost of Carry implies that there was a closure of LONG positions today.

Nifty Advance Decline Ratio at 27:23  and Nifty Rollover Cost is @21719 closed below it.

Nifty Gann Monthly Trend Change Level : 21727

Nifty is making lower low and heading towards 20 DMA @21357



Nifty options chain shows that the maximum pain point is at 21800 and the put-call ratio (PCR) is at 1.02 . Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Nifty 50 Options Chain Analysis

The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 21800 strike, followed by 21900 strikes. On the put side, the highest OI is at the 21600 strike, followed by 21500 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21700-21900 levels.

In the cash segment, Foreign Institutional Investors (FII) bought 1513  crores, while Domestic Institutional Investors (DII) sold 1387 crores.

Traders who follow the musical octave trading path may find valuable insights in predicting Nifty’s movements. According to this path, Nifty may follow a path of 20552-21146-21775 This means that traders can take a position and potentially ride the move as 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.

Don’t be afraid to ask for help. If you’re struggling with trading, don’t be afraid to ask for help from a more experienced trader. There are many resources available to help you improve your trading skills.

For Positional Traders, The Nifty Futures’ Trend Change Level is At 21810 . 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 21739, Which Acts As An Intraday Trend Change Level.


Nifty Intraday Trading Levels

Buy Above 21688  Tgt 21712, 21743 and 21799 ( Nifty Spot Levels)

Sell Below 21625 Tgt 21590, 21555 and 21512 (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: Daily

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.

One thought on “Nifty 05 Jan 2024 Trade Plan

  1. Aujoy Mukherjee

    Sir, please provide the 2024 yearly view of Nifty & Bank Nf and yearly gann dates as you do every year. Thank you


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