Jupiter North Node Aspect : FIN NIFTY July 09, 2024 – Weekly Expiry Analysis

By | July 8, 2024 11:59 pm

Finance Nifty formed an DOJI Today with price taking support at 3×4 gann angle resistance zone, Jupiter North Node and Mercury Trine North Node Aspects will bring lot of voaltlity in next 2 trading session.As JUpiter and Mercury are involved so Finance Nifty will have a major Impact. NOrth Node also Rahu is famous for its unpredicatable moves.

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 2358 for a move towards 2729/23814/23891. Bears will get active below 23503 for a move towards 23426/23334/23257

 Traders may watch out for potential intraday reversals at 09:59,11:28,12:42,02:17  How to Find and Trade Intraday Reversal Times

Finance Nifty June Futures Open Interest Volume stood at 91425 with liquidation of 14175 contracts. Additionally, the increase in Cost of Carry implies that there was a closure of LONG positions today.

Finance Nifty Advance Decline Ratio at 07:12, Finance Nifty Rollover Cost is @21856 closed above it

Finance Nifty Gann Monthly  Trade level :21971 close  above it.

Finance Nifty closed above 20/50/100 SMA, Trend is Buy on Dips till above 23063.

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 22964-23648-24331. 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 23600 strike, followed by the 23700 strike. On the put side, the 23500 strike has the highest OI, followed by the 23400 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 23500-23800 range. 

The Finance Nifty options chain shows that the maximum pain point is at 23600 and the put-call ratio (PCR) is at 0.95. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

The only reason to get into a trade is if you see an opportunity and you feel the market has a good chance of moving in your direction. But the reason people usually add on to their losing positions is not because they see another opportunity, but because they don’t want their first opinion to be wrong.

For Positional Traders, The Finance Nifty Futures’ Trend Change Level is At 23628. 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 23641 , Which Acts As An Intraday Trend Change Level.

FIN Nifty Expiry Range

Upper End of Expiry : 23753

Lower End of Expiry : 23418


FIN Nifty Intraday Trading Levels

Buy Above 23666 Tgt 23699, 23729 and 23777 ( FIN Nifty Spot Levels)

Sell Below 23590 Tgt 23555, 23512 and 23459 (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.

Category: Finance NIfty Daily Analysis

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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