We have seen Impact of Double Ingress of Sun and Pluto as discussed in below Video. We saw a big crack in PSU bank, Today we had Venus Ingress and first 15 mins low was broken and we saw the big decline. Price is back to its Gann Angle support zone. 200 DMA is coming at 19907 and Gann Annual Trend Change level is 19882 so keep a watch on both levels.
Lot of Important Astro events are happening between 26-28 Jan, Finance Nifty is near its 200 DMA and formed an inside bar, Break of 19878 can lead to quick fall towards 19683, BUlls will get chance above 20255 in between 19897-20255 it will remain rangebound with voaltile bias till budget day.
- Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees.
- Mercury Conjunct Mars
- SUN Square Jupiter
- Mercury Square North Node
- Venus Extreme Declination
- Uranus Direct
Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 20181 for a move towards 20253/20234. Bears will get active below 20039 for a move towards 19968/19896
Traders may watch out for potential intraday reversals at 09:30,11:10,12:03,1:37 How to Find and Trade Intraday Reversal Times
Finance Nifty Feb Futures Open Interest Volume stood at 47000 with addition of 29680 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 @20669 closed below it.
Finance Nifty Gann Annual Trend Change Level : 19882
Finance Nifty has bounced from its 200 DMA @19926.
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 21140-20528-19953 . 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 20200 strike, followed by the 20300 strike. On the put side, the 20100 strike has the highest OI, followed by the 20000 strike. This indicates that market participants anticipate Finance Nifty to stay within the 20000-20400 range.
The Finance Nifty options chain shows that the maximum pain point is at 20100 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.
If you want to be a successful trader going through a loss making period You need to learn the art of losing.. If you condition your mind to lose without anxiety without emotional attachment and without desire to get even.. Things will start turning around for you.
For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20164 . 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 20100, Which Acts As An Intraday Trend Change Level.
Finance Nifty Intraday Trading Levels
Buy Above 20133 Tgt 20166, 20199 and 20225 ( Finance Nifty Spot Levels)
Sell Below 20085 Tgt 20055, 20025 and 20000 ( 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.