Nifty & Bank Nifty Prediction for 4 January (Thursday) 2024

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NIFTY 50

Nifty Option Chain Analysis (4 January 2024) Thursday –

Nifty PCR (Put Call Ratio) –

OI (Open Interest) PCR : 0.61

CHNG IN OI (Change in Open Interest) PCR : 0.28

Nifty Highest OI Writing –

Highest Call Writing At : 21600

Highest Put Writing At : 21500

Nifty Range / Level – 

Nifty Resistance Level – 21600

Nifty Support Level – 21500

Nifty Sentiment Downtreand and Bearish(According to PCR)

NIFTY LIVE TRADING BREAKOUT LEVEL (MAGICAL LEVEL ✨✨) –

[ Last Updated on 3 January 8:30PM ]

BUY CALL : Above 21600

BUY PUT : Below 21500

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Nifty 50 Prediction for 4 January 2024 (Thursday) –

Nifty Intraday Trading :

Buying Call Option 🔼 –

If Nifty 50 breaks the level of 21600 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: 00.

Buying Put Option 🔽 –

If Nifty 50 breaks the level of 21500 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 : 00.

Nifty Prediction for 4 January 2024 (Thursday) – 

On 3 January, Nifty had a flat start, continued its negative trend and closed down by around 148 points. On the daily chart, it closed at negative levels for the second consecutive day. Selling pressure remains in intraday pullback and 21,600 acts as a strong resistance. Nifty has now reached the 38.2 percent Fibonacci retracement level at 21500, which is an important level for potential support. Nifty may hold this level, which will set the base for the next upward move.

Nifty Trend – 

Rupee Desk : The USD/INR : 83.3048 (+0.057%)

Nifty VIX : 14.10 (-3.31%)

Nifty Levels –

Intraday Buying –

Buy Call – Buy Above 21600

Buy Put – Buy Below 21500

Nifty Breakout Levels –

For Buying Call Option : 00, 00.

For Buying Put Option : 00, 00.

BANK NIFTY

Bank Nifty Option Chain Analysis (4 January 2024) Thursday –

Bank Nifty PCR (Put Call Ratio) –

OI (Open Interest) PCR : 0.89

CHNG IN OI (Change in Open Interest) PCR : 5.53

Bank Nifty Highest OI Writing –

Highest Call Writing At : 47800

Highest Put Writing At : 47600

Bank Nifty Range / Level – 

Bank Nifty Resistance Level – 47800

Bank Nifty Support Level – 47600

Bank Nifty Sentiment – Downtrend and Bearish(According to PCR)

BANK NIFTY LIVE TRADING BREAKOUT LEVEL (MAGICAL LEVEL ✨✨) –

[ Last Updated on 3 January 8:21 PM ]

BUY CALL : Above 47800

BUY PUT : Below 47600

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Bank Nifty Prediction for 4 January 2024 (Thursday) –

Bank Nifty Intraday Trading :

Buying Call Option 🔼 –

If Bank Nifty breaks the level of 47800 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 : 00.

Buying Put Option 🔽 –

If Bank Nifty breaks the level of 47600 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 : 00.

BankNifty Prediction for 4 January 2024 (Thursday) – 

On 3 January, Bank Nifty fell slightly and closed at 47,669. Although it fell below intraday, it closed above showing buying interest at the support level. Bank Nifty is expected to strengthen, which will set the base for the next upward move. Immediate resistance on the upside is at 47,800 – 47,900. Important support is at 47,600.

Bank Nifty Trend – 

Bank Nifty Levels –

Intraday Buying –

Buy Call – Buy Above 47800

Buy Put – Buy Below 47600

Bank Nifty Breakout Levels –

For Buying Call Option : 00.

For Buying Put Option : 00.

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