Tomrow we have Moon Declination and SUN Square North Node Aspect, North Node will create voaltlity in the market so be ready for another voaltile move like today. Price has closed below 21216 last week low of inside bar and Doji so bears can be more powerful if tommrow for 1 hour we are trading below 21216. Price is at the crucial gann angle support zone as shown below.
We again saw a voaltile move yesterday with Rahu aka North Node creating voaltlity and finance nifty recovering in 2 session for the day, Price is still below 20 DMA and today being New Moon and Bayer Rule 27: Big tops and big major bottoms are when Mercury’s speed in Geocentric longitude is 59 minutes or 1 degree 58 minutes. We will get INFY and TCS Results today so again we will see voaltile move and tommrow we can see a trending move.
Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 21250 for a move towards 21313/21386 Bears will get active below 21168 for a move towards 21095/21008.
Traders may watch out for potential intraday reversals at 10:13,12:35,1:10,1:49,2:35 How to Find and Trade Intraday Reversal Times
Finance Nifty Nov Futures Open Interest Volume stood at 65960 with liquidation of 3320 contracts. Additionally, the increase in Cost of Carry implies that there was a closeure of SHORT positions today.
Finance Nifty Decline Ratio at 08:12
Finance Nifty Rollover Cost is @21524 closed below it.
Finance Nifty Gann Monthly Trend Change Level : 21363
Finance Nifty has closed below its 20 SMA @21366 for 3 day.
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. Price is near 21182
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 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.
Understand the larger framework in which trading occurs—how the complexity of the marketplace and your personality both must be taken into account in order to develop the mastery of trading.
For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 21495 . 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 21224 , Which Acts As An Intraday Trend Change Level.
Finance Nifty Intraday Trading Levels
Buy Above 21250 Tgt 21277, 21300 and 21323 ( Finance Nifty Spot Levels)
Sell Below 21200 Tgt 21176, 21150 and 21125 ( 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.