Infosys is trading at 5% up it will impact FInance Nifty if Nifty has to trade Neutral based on Increase in US CPI Data. Break of today low 21170 can lead to fall towards 21095/21008. Today were 2 Important astro date and 14 Jan is Aniversay date and Solar Eclipse time cycle date so carry overnight position tommrow with hedge.
CPI 0.3% MoM, Exp. 0.2% CPI 3.4% YoY, Exp. 3.2% CPI Core 0.3% MoM, Exp. 0.3% CPI Core 3.9% YoY, Exp. 3.8%
Finance Nifty has closed above its 20 SMA and now for Bulls to sustain for this uptrend need to close above Monday High 21500 as its High of Solar Eclipse TIme cycle and Mercury Ingress. Today we have HDFC Bank Results which will come during market hours so be ready for a voaltile move in Fin Nifty Options.
Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 21460 for a move towards 21531/21604/21676. Bears will get active below 21386 for a move towards 21313/21241.
Traders may watch out for potential intraday reversals at 10:00,11:02,12:51,1:31,2:17 How to Find and Trade Intraday Reversal Times
Finance Nifty Nov Futures Open Interest Volume stood at 71600 with addition of 5640 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.
Finance Nifty Decline Ratio at 10:09
Finance Nifty Rollover Cost is @21524 closed below it.
Finance Nifty Gann Monthly Trend Change Level : 21363
Finance Nifty has closed above its 20 SMA @21358.
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 21500 strike, followed by the 21600 strike. On the put side, the 21400 strike has the highest OI, followed by the 21300 strike. This indicates that market participants anticipate Finance Nifty to stay within the 21300-21600 range.
The Finance Nifty options chain shows that the maximum pain point is at 21450 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 21478 . 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 21491, Which Acts As An Intraday Trend Change Level.
Finance Nifty Expiry Range
Upper End of Expiry : 21604
Lower End of Expiry : 21295
Finance Nifty Intraday Trading Levels
Buy Above 21470 Tgt 21500, 21528 and 21555 ( Finance Nifty Spot Levels)
Sell Below 21420 Tgt 21390, 21365 and 21343 ( 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.