Finance NIfty broke the mercury ingress low and closed below its 1×1 gann angle. Price has broken 50% octave point and is now near its 200 DMA @20000. Price has already touched 200 DMA 3 times in last 1 month. Break of 200 DMA can lead to selling towards 19729. Price has done 72 trading days from 26 Oct low leading to perfect gann price time squaring. Today is NEW MOON so first 15 mins High and Low will guide for thee day.
Tommrow we have Mars Ingress, Mars is plannet of Energy it will add energy to the move, Also we have an important Solar Eclipse date so be ready for another voaltile move tommrow. Finance Nifty has closed below its 1×2 gann angle 200 DMA and price has touched Octave point of 19843. Fresh shorts below 19843 for a move towards 19683.
Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 19962 for a move towards 20033/20103/20174. Bears will get active below 19804 for a move towards 19733/19662
Traders may watch out for potential intraday reversals at 09:36,10:14,11:10,12:05,02:32 How to Find and Trade Intraday Reversal Times
Finance Nifty Feb Futures Open Interest Volume stood at 96440 with addition of 14840 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of SHORT positions today.
Finance Nifty Decline Ratio at 00:19
Finance Nifty Rollover Cost is @20308 closed below it.
Finance Nifty Gann Monthly Buy Trade level : 20683 and Gann Monthly Sell Trade level : 20428 –— Closed below 20428
Finance Nifty rejected from 200/100/50/20 SMA. Price has closed below 200 SMA@20014
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 21140-20529-19953 . 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.
According to the Finance Nifty options chain, the call side has the highest open interest (OI) at the 20000 strike, followed by the 20100 strike. On the put side, the 19900 strike has the highest OI, followed by the 19800 strike. This indicates that market participants anticipate Finance Nifty to stay within the 19800-20100 range.
The Finance Nifty options chain shows that the maximum pain point is at 20000 and the put-call ratio (PCR) is at 0.80. 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 good trader “Be the Best Listener.” Listen To Market, Experienced Traders. If a losing trade sets you off, then this can affect your trades going forward. And this is dangerous. We call this trading on “tilt.”
For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 20417. 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 20069, Which Acts As An Intraday Trend Change Level.
FIN Nifty Expiry Range
Upper End of Expiry : 20085
Lower End of Expiry : 19750
FIN Nifty Intraday Trading Levels
Buy Above 19960 Tgt 19990, 20025 and 20085 ( FIN Nifty Spot Levels)
Sell Below 19900 Tgt 19850, 19800 and 19750 (FIN 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.