Finance Nifty 30 April 2024 Monthly Expiry Analysis

Finance Nifty rallied and made a new life time as Gann and Astro combined as discussed in below video . When Gann and Astro time cycle confluence We see explosive move as seen yesterday. 21952 is important level which needs to be watched out in FIn nifty for current uptrend. Today being Mars Ingress so first 15 mins High and Low will guide for the day.

 

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 21857 for a move towards 21930/22003. Bears will get active below 21710 for a move towards 21637/21564

 Traders may watch out for potential intraday reversals at 10:02,11:12,12:07,1:28,2:22 How to Find and Trade Intraday Reversal Times

Finance Nifty May Futures Open Interest Volume stood at 32040 with addition  of 160 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Advance Decline Ratio at 18:01, Finance Nifty Rollover Cost is @20946 closed above it

Finance Nifty closed above 20/50/100 SMA, Trend is Buy on Dips till above 21497.

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 20587-21198-21812 . 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 21850 strike, followed by the 21950 strike. On the put side, the 21750 strike has the highest OI, followed by the 21650 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 21750-21950 range. 

The Finance Nifty options chain shows that the maximum pain point is at 21350 and the put-call ratio (PCR) is at 0.88. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

For most traders, profits are short term loans from the market.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 21568. 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 21654, Which Acts As An Intraday Trend Change Level.

FIN Nifty Expiry Range

Upper End of Expiry : 21950

Lower End of Expiry : 21671

FIN Nifty Intraday Trading Levels

Buy Above 21850 Tgt 21872, 21910 and 21950 ( FIN Nifty Spot Levels)

Sell Below 21763 Tgt 21749, 21714  and 21671 (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.