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HomeBusinessMars Ingress : Finance Nifty 10 June Weekly Expiry Analysis - Bramesh's...

Mars Ingress : Finance Nifty 10 June Weekly Expiry Analysis – Bramesh’s Technical Analysis



Bramesh

Mars Ingress and Bayer Rule 31: The trend changes when Venus in declination reached an extreme beyond 23 degrees 26 minutes 51 seconds. happened today and Finance Nifty has formed a DOJI pattern, Till Finance Nifty Bulls are holding 21952-21971 Bulls have upper hand.

Finance Nifty Trade Plan for Positional Trade ,Bulls will get active above 22177 for a move towards 22251/22326/22400. Bears will get active below 22102 for a move towards 22027/21953/21878

 Traders may watch out for potential intraday reversals at 09:15,10:12,11:24,12:41,1:19,02:57  How to Find and Trade Intraday Reversal Times

Finance Nifty June Futures Open Interest Volume stood at 61480 with addition  of 720 contracts. Additionally, the increase in Cost of Carry implies that there was a addition of LONG positions today.

Finance Nifty Advance Decline Ratio at 13:06, 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 21659.

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 21812-22442-23110. 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 22150 strike, followed by the 22250 strike. On the put side, the 22100 strike has the highest OI, followed by the 22000 strike.  This indicates that market participants anticipate Finance  Nifty to stay within the 22000-22250 range. 

The Finance Nifty options chain shows that the maximum pain point is at 22150 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 21918. 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 22234, Which Acts As An Intraday Trend Change Level.

FIN Nifty Expiry Range

Upper End of Expiry : 22344

Lower End of Expiry : 21963

FIN Nifty Intraday Trading Levels

Buy Above 22166 Tgt 22199, 22225 and 22255 ( FIN Nifty Spot Levels)

Sell Below 22108 Tgt 22070, 22044 and 22000 (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.



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