BANK NIFTY
Bank Nifty Option Chain Analysis (11 October 2023) Wednesday –
Bank Nifty PCR (Put Call Ratio) –
OI (Open Interest) PCR : 1.17
CHNG IN OI (Change in Open Interest) PCR : 6.21
Bank Nifty Highest OI Writing –
Highest Call Writing At : 44500
Highest Put Writing At : 44000
Bank Nifty Range / Level –
Bank Nifty Resistance Level – 44565 or 44772(Fire Move)
Bank Nifty Support Level – 44186 or 44000(Fire Move)
Bank Nifty Sentiment – Uptrend and Bullish(According to PCR)
[ Nifty Prediction for 11 October (Wednesday) : Nifty 50 Analysis ]
BANK NIFTY LIVE TRADING BREAKOUT LEVEL (MAGICAL LEVEL ✨✨) –
[ Last Updated on 10 October 8:21 PM ]
BUY CALL : Above 44565
BUY PUT : Below 44186
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[ Nifty Prediction for 11 October (Wednesday) : Nifty 50 Analysis ]
Bank Nifty Prediction for 11 October 2023 (Wednesday) –
Bank Nifty Intraday Trading :
Buying Call Option 🔼 –
If Bank Nifty breaks the level of 44565 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 : 44643.
or
If Bank Nifty breaks the level of 44772 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 44186 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.
or
If Bank Nifty breaks the level of 44000 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.
[ Nifty Prediction for 11 October (Wednesday) : Nifty 50 Analysis ]
BankNifty Prediction for 11 October 2023 (Wednesday) –
On 10 October, Bank Nifty started the morning with gains but after that after 12 noon there was a range, bullish trend and the stock had support at 44375. On 10 October Bank Nifty has closed in green and closed near its important level of 44400, making Bank Nifty again weak for Wednesday, You can adopt the strategy of selling on rise.
Brushing aside geopolitical risks, global equities including Indian markets witnessed a significant reversal as Nifty 50 opened strongly at 19,600 and continued gaining throughout the day, closing at 19,689.85 with a strong rise of 177.50 points, which All sectors took leadership. , especially Realty and Metals, while Mid and Small Caps outperformed the frontline indices, with the daily chart indicating a bullish candle indicating a resurgence of bullish sentiment, and a solid above the 19,740-19,780 range. The close will confirm a trend reversal, potentially paving the way for a reversal. With immediate support at 19,575, the index to reach 20,000.
Bank Nifty Trend –
[ Nifty Prediction for 11 October (Wednesday) : Nifty 50 Analysis ]
Bank Nifty Levels –
Intraday Buying –
Buy Call – Buy Above 44565 or 44772
Buy Put – Buy Below 44186 or 44000
Bank Nifty Breakout Levels –
For Buying Call Option : 44565, 44772.
For Buying Put Option : 44186, 44000.
Stock Market Highlights –
The indices jumped nearly 0.9% and the Sensex closed above 66,000, while the Nifty touched around 19,700; Auto, bank and metal shine.
IMF raises India’s FY24 GDP growth forecast to 6.3% from 6.1% due to strong demand.
Adani’s $3.5 billion Ambuja loan moves ahead after getting approval from some banks.
World Bank suggests taxing agriculture, real estate and retail sectors to spur ₹3 trillion investment in Pakistan.
Revenue growth of domestic liquor companies may be 8-10% in FY 2024: ICRA.
Top official says India’s space economy has potential to reach US$44 billion by 2033.
IMF’s outlook for world economy ‘crippled’ by Russia’s war-like shocks worsens.
Credo Brands Marketing, RBZ Jewelers get SEBI nod for IPO.
London shares rise as Treasury yields fall.
Nifty Realty index hits 10-year high; Prestige Estates, Shobha, DLF lead the rally.
Wipro says its employees in Israel have been asked to work from home.
[ Nifty Prediction for 11 October (Wednesday) : Nifty 50 Analysis ]
[ Nifty Prediction for 10 October (Tuesday) : Nifty 50 Analysis Today ]
[ Nifty & BankNifty Prediction for 12 October (Thursday) & Sensex ]
