Finance Nifty 19 Jan Trade Plan

By | January 19, 2024 8:57 am

As Discussed in Last Analysis

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 Price bounced from 20248 Octave points and has also filled the State Election gap, Today is another important Solar Eclipse Time cycle date so watch for first 15 mins High and Low to ride the trend for the day.

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 20407 for a move towards 20479/20550. Bears will get active below 20336 for a move towards 20265/20194

 Traders may watch out for potential intraday reversals at 10:20,12:40,01:20,2:21 How to Find and Trade Intraday Reversal Times

Finance Nifty Nov Futures Open Interest Volume stood at 92480 with addition of 5960 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Decline Ratio at 07:12

Finance Nifty Rollover Cost is @21524 closed below it.

Finance Nifty Gann Monthly Trend Change Level : 21363

Finance Nifty has bounced from its 100 DMA @20227. 



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 20600 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 20400 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.

There is a paralysis that sets in when the losses begin to mount. These losses are much too much for the ego to admit. It would rather deny and postpone judgment day than face the truth.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 21385. 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 20412, Which Acts As An Intraday Trend Change Level.

Finance  Nifty Intraday Trading Levels

Buy Above 20366 Tgt 20399, 20424 and 20456 ( Finance Nifty Spot Levels)

Sell Below 20335 Tgt 20303, 20285 and 20256 ( 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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