Bank Nifty Option Chain Analysis (10 October 2023) Tuesday –
Bank Nifty PCR (Put Call Ratio) –
OI (Open Interest) PCR : 0.71
CHNG IN OI (Change in Open Interest) PCR : 0.23
Bank Nifty Highest OI Writing –
Highest Call Writing At : 44000,44500
Highest Put Writing At : 44000, 43800
Bank Nifty Range / Level –
Bank Nifty Resistance Level – 44170
Bank Nifty Support Level – 43720
Bank Nifty Sentiment – Downtrend and Bearish(According to PCR)
[ Nifty Prediction for 10 October (Tuesday) : Nifty 50 Analysis Today ]
BANK NIFTY LIVE TRADING BREAKOUT LEVEL (MAGICAL LEVEL ✨✨) –
[ Last Updated on 9 October 8:21 PM ]
BUY CALL : Above 44170
BUY PUT : Below 43720
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[ Nifty Prediction for 10 October (Tuesday) : Nifty 50 Analysis Today ]
Bank Nifty Prediction for 10 October 2023 ( Tuesday ) –
Bank Nifty Intraday Trading :
Buying Call Option 🔼 –
If Bank Nifty breaks the level of 44170 on the upside and stay above this level for 5 minutes or closes the 15 minute candle above this level and forms a green candle, then you can buy a Call option and a good up side movements will be seen. Target : 44325
or
If Bank Nifty breaks the level of 44325 on the upside and stay above this level for 5 minutes or closes the 15 minute candle above this level and forms a green candle, then you can buy a Call option and a good up side movements will be seen.
Buying Put Option 🔽 –
If Bank Nifty breaks the level of 43720 on the downside and stay below this level for 5 minutes or closes the 15 minute candle below this level and forms a red candle, then you can buy a Put option and a good down side movements will be seen. Target : 43610
or
If Bank Nifty breaks the level of 43610 on the downside and stay below this level for 5 minutes or closes the 15 minute candle below this level and forms a red candle, then you can buy a Put option and a good down side movements will be seen. Target : 43570
[ Nifty Prediction for 10 October (Tuesday) : Nifty 50 Analysis Today ]
BankNifty Prediction for 10 October 2023 ( Tuesday ) –
On 9 October, Bank Nifty opened with a decline in the morning but after that there was a slight decline and the stock got support at 43800. And then Bank Nifty went up. On 9 October Bank Nifty has closed in the red and closed near its important level of 44850, due to which Bank Nifty has again become weak for Tuesday. You can adopt the strategy of sell on rise.
Sensex fell 483.24 points (0.73%) to 65,512.39 and Nifty fell 141.20 points (0.72%) to 19,512.30. Adani Ports, Hero MotoCorp, BPCL, HDFC Life and M&M were among the top Nifty losers, while HCL Technologies, Dr Reddy’s Laboratories, TCS, Tata Consumer and HUL were the top gainers.
Bank Nifty Trend –
[ Nifty Prediction for 10 October (Tuesday) : Nifty 50 Analysis Today ]
Bank Nifty Levels –
Intraday Buying –
Buy Call – Buy Above 44170
Buy Put – Buy Below 43720 or 43610
Bank Nifty Breakout Levels –
For Buying Call Option : 44170, 44325.
For Buying Put Option : 43720, 43610.
Stock Market Highlights –
Sensex fell by nearly 500 points amid increasing tension in the Middle East.
Rupee remained stable against US dollar.
Tata Consultancy Services (TCS) has been ranked as a leader in Everest Group’s PEAK Matrix for Net Zero Consulting Services.
Oracle offers its employees 13,108 stock options.
The Board of Transport Corporation of India has allotted 33,015 equity shares under ESOP-2017-Fourth and Fifth Tranche. The stock fell 1.11% to ₹783 on NSE.
The board of Glenmark Life Sciences Limited has declared an interim equity dividend of ₹2 per equity share at ₹22.50 for the financial year 2023-24. The stock was trading at ₹625.90, up 0.12% on the NSE.
NR Aggarwal Industries appoints Soumyajit Mukherjee as CMO, stock falls 1.55%.
Dev Information Technology (DEVIT) has been recognized as the Top ISV to receive “13th Channel Accelerator Awards 2023” in the category of Cloud Consulting, ERP and CRM Solutions.
Oil minister says crude prices above $100/bbl are not sustainable.
Top Gainers: Dr. Reddy (1.49%); HCL Tech (1.19%); Tata Consumer (0.96%); TCS (0.65%); Hindustan Unilever (0.57%)
Major losers: Adani Ports (-4.69%); Hero MotorCorp (-2.73%); HDFC Life (-2.18%); M&M (-2.13%); BPCL (-2.02%)
[ Nifty Prediction for 10 October (Tuesday) : Nifty 50 Analysis Today ]
[ Nifty Prediction for 5 October (Thursday) : Nifty 50 Analysis Today ]
