January 09,2024 Finance Nifty Weekly Expiry Analysis

By | January 9, 2024 8:49 am

As Discussed in Last Analysis

Mars has shown its impact we saw a big move in Finance Nifty, Finance Nifty opened above 21300 so bears were on backhand from the opening and Mars added fuel to fire. TIll Bulls are holding 21466 Finance Nifty is moving towards its all time high towards 21627/21666.Bears only have chance once below 21300.

Mars Declination showed its impact on finance Nifty as discussed in below video, with price seeing a impulsive correction, Last Week low was 21216 which needs to be watched closely this week as its low of Inside Bar if broken we can see decline of 300-400 points. Today we will open gap up so 21364-21380 range is crucial for bulls to sustain above it, Unable to do so we can see gap filling.

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 21186/21112/21039

 Traders may watch out for potential intraday reversals at 10:29,11:37,1:18,1:57 How to Find and Trade Intraday Reversal Times

Finance Nifty Nov Futures Open Interest Volume stood at 55800 with addition  of 1960 contracts. Additionally, the idecrease in Cost of Carry implies that there was a addition of SHORT positions today.

Finance Nifty Decline Ratio at 02:17 and Finance Nifty Rollover Cost is @48411 closed below it. 

Finance Nifty Rollover Cost is @21524 closed above it.

Finance Nifty Gann Monthly Trend Change Level : 21449

Finance Nifty has closed below its 20 SMA @21364



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 21200-21400 range. 

The Finance Nifty options chain shows that the maximum pain point is at 21300  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.

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 Finance Nifty Futures’ Trend Change Level is At 21551. 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 21478, Which Acts As An Intraday Trend Change Level.

Finance Nifty Expiry Range

Upper End of Expiry : 21500

Lower End of Expiry : 21200

Finance  Nifty Intraday Trading Levels

Buy Above 21332 Tgt 21372, 21400 and 21444 ( Finance Nifty Spot Levels)

Sell Below 21300 Tgt 21270, 21240 and 21212 ( 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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