Tommrow we have important Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn. Finance Nifty bounced from gann angle support zone as shown in below chart. Tommrow to capture trend focus on first 15 mins High and low to capture trend. Make sure trade with right positon size as we will have high volatlity. Also try to trade after FM stops speaking and we will see option premium decay after FM completes its speech. Betwenn 1-1:15 we can see change in trend.
Finance Nifty formed an inside bar and NR7 pattern on Budget day and we will open gap up today. With Goverment saying they will borrow less and bond yields are coming down its good for PSU’s bank. With gap up today 20752 is important level to watch out for, for this downtrend to get over. Monday Mercury is changing sign so take overnight positon with Hedge.
Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 20610 for a move towards 20724/20865/21006 Bears will get active below 20442 for a move towards 20306/20160/20019.
Traders may watch out for potential intraday reversals at 09:23,10:39,11:37,12:30,2:23 How to Find and Trade Intraday Reversal Times
Finance Nifty Feb Futures Open Interest Volume stood at 76560 with liquidation of 600 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.
Finance Nifty Decline Ratio at 16:03
Finance Nifty Rollover Cost is @20308 closed above it.
Finance Nifty Gann Annual Trend Change Level : 19882 — Bounced from 19882
Finance Nifty has bounced from its 100 DMA @20283 .
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.
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 20300 strike has the highest OI, followed by the 20200 strike. This indicates that market participants anticipate Finance Nifty to stay within the 20200-20600 range.
The Finance Nifty options chain shows that the maximum pain point is at 20500 and the put-call ratio (PCR) is at 0.78. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.
Studies show that traders avoid risk when winning and seek risk when losing. This is the exact opposite of what needs to done to sustain in the markets. We must reprogram ourselves and create habits that are unnatural until they become our second nature.
For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20498 . 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 20568 , Which Acts As An Intraday Trend Change Level.
Finance Nifty Intraday Trading Levels
Buy Above 20610 Tgt 20648, 20676 and 20729 ( Finance Nifty Spot Levels)
Sell Below 20575 Tgt 20529, 20500 and 20465 ( 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.