Nifty 19 Jan Trade Plan

By | January 19, 2024 9:15 am

Analysis of FIIs’ behavior in the Nifty Index Futures market shows a Bearish approach as they displayed a preference for SHORT positions. On a net basis, FIIs went SHORT 19525 contracts worth 2108 crores, resulting in an increase of 14333 contracts in the Net Open Interest.

As Discussed in Last Analysis

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.  21322 is level to be watched out for.

NIfty Price bounced near 21322  Octave point and took support at the Election Gap on 01 Dec, 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.

Nifty Trade Plan for Positional Trade ,Bulls will get active above 21630 for a move towards 21688/21750 . Bears will get active below 21575 for a move towards 21500/21444

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

Nifty Jan Futures Open Interest Volume stood at 1.11 lakh cr , witnessing a liquidation of 0.75 Lakh  contracts. Additionally, the increase in Cost of Carry implies that there was a closure of LONG positions today.

Nifty Advance Decline Ratio at 21:28  and Nifty Rollover Cost is @21719 closed above it.

Nifty Gann Monthly Trend Change Level : 21749– CLosed below it.

Nifty 20 DMA @21644 act as resistance now 


Nifty options chain shows that the maximum pain point is at 21600 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.

Nifty 50 Options Chain Analysis

The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 21600 strike, followed by 21700 strikes. On the put side, the highest OI is at the 21400 strike, followed by 21300 strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 21300-21600 levels.

In the cash segment, Foreign Institutional Investors (FII) sold 9901  crores, while Domestic Institutional Investors (DII) bought 5977 crores.

Traders who follow the musical octave trading path may find valuable insights in predicting Nifty’s movements. According to this path, Nifty may follow a path of 21146-21775-22404 This means that traders can take a position and potentially ride the move as 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.

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 Nifty Futures’ Trend Change Level is At 21594 . 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 21468, Which Acts As An Intraday Trend Change Level.

Nifty Intraday Trading Levels

Buy Above 21630 Tgt 21666, 21700 and 21730 ( Nifty Spot Levels)

Sell Below 21575 Tgt 21525, 21485 and 21444 (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: Daily

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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