Finance Nifty Crashes as Gann and Astro Cycle Combines, 18 Jan trade Plan

By | January 18, 2024 12:25 am

As Discussed in Last Analysis

Finance Nifty failed to close above 21500 which was Mercury Ingress High, As Discussed in below Video Mercury Ingress Leads to trend change, Now Bears need to close below 21333 for a move towards 21259/21186.

Finanace Nifty had biggest decline after May 2020 failing 4.3% in single trading session all thanks to HDFC bank, We had a discssuion how astro and gann cycle combination can lead to a big move. Fall was Brutal and tommrow we can have another decline in open as HDFC is trading another 6% down.  20248 is level to be watched out for.

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 20580 for a move towards 20725. Bears will get active below 20435 for a move towards 20291/20146

 Traders may watch out for potential intraday reversals at 09:15,11:02,12:18,1:22,2:27 How to Find and Trade Intraday Reversal Times

Finance Nifty Nov Futures Open Interest Volume stood at 77960 with liquidation of 840 contracts. Additionally, the increase in Cost of Carry implies that there was a closure of LONG positions today.

Finance Nifty Decline Ratio at 00:19

Finance Nifty Rollover Cost is @21524 closed below it.

Finance Nifty Gann Monthly Trend Change Level : 21363

Finance Nifty has closed below its 20/50 SMA heading towards 20221 @100 SMA



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 21182-20587-19992 . 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 20500 strike, followed by the 20700 strike. On the put side, the 20400 strike has the highest OI, followed by the 20200 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 20600-20200 range. 

The Finance Nifty options chain shows that the maximum pain point is at 20500 and the put-call ratio (PCR) is at 0.70. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

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For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 21442 . 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 20834 , Which Acts As An Intraday Trend Change Level.

Finance  Nifty Intraday Trading Levels

Buy Above 20480 Tgt 20512, 20555 and 20575  ( Finance Nifty Spot Levels)

Sell Below 20435 Tgt 20385, 20333 and 20291 ( 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: Fin NIfty

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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