Nifty & Bank Nifty Prediction for 8 January (Monday) : Today

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NIFTY 50

Nifty Option Chain Analysis (8 January 2024) Monday –

Nifty PCR (Put Call Ratio) –

OI (Open Interest) PCR : 0.88

CHNG IN OI (Change in Open Interest) PCR : 0.70

Nifty Highest OI Writing –

Highest Call Writing At : 21700, 21800

Highest Put Writing At : 21500, 21700

Nifty Range / Level – 

Nifty Resistance Level – 21845

Nifty Support Level – 21600

Nifty Sentiment Downtrend and Bearish(According to PCR)

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

[ Last Updated on 5 January 8:30PM ]

BUY CALL : Above 21845

BUY PUT : Below 21600

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Nifty 50 Prediction for 8 January 2024 (Monday) –

Nifty Intraday Trading :

Buying Call Option 🔼 –

If Nifty 50 breaks the level of 21845 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: 21880.

or

If Nifty 50 breaks the level of 21880 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: 21933.

Buying Put Option 🔽 –

If Nifty 50 breaks the level of 21600 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 : 21550.

Nifty Prediction for 8 January 2024 (Monday) – 

On 5 January, Nifty opened higher but faced intraday correction, remaining at key levels around 21630 – 21650. It bounced back and closed with gains. Future Outlook: Nifty may trade between 21500 – 22000, and a clear break will determine the trend. Its major resistance lies at 20000 – 22500 and support at 21500 – 21000, but it depends on the global conditions.

Nifty Trend – 

Rupee Desk : The USD/INR : 83.2552 (-0.076%)

Nifty VIX : 12.63 (-5.25%)

Nifty Levels –

Intraday Buying –

Buy Call – Buy Above 21845 or 21880

Buy Put – Buy Below 21600 or 21550

Nifty Breakout Levels –

For Buying Call Option : 21845, 21880.

For Buying Put Option : 21600, 21550.

BANK NIFTY

Bank Nifty Option Chain Analysis (8 January 2024) Monday –

Bank Nifty PCR (Put Call Ratio) –

OI (Open Interest) PCR : 0.74

CHNG IN OI (Change in Open Interest) PCR : 0.040

Bank Nifty Highest OI Writing –

Highest Call Writing At : 48500

Highest Put Writing At : 48000

Bank Nifty Range / Level – 

Bank Nifty Resistance Level – 48300

Bank Nifty Support Level – 47960

Bank Nifty SentimentDowntrend and Bearish(According to PCR)

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

[ Last Updated on 5 January 8:21 PM ]

BUY CALL : Above 48300

BUY PUT : Below 47960

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Bank Nifty Prediction for 8 January 2024 (Monday) –

Bank Nifty Intraday Trading :

Buying Call Option 🔼 –

If Bank Nifty breaks the level of 48300 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 : 48500.

or

If Bank Nifty breaks the level of 48500 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 : 48678.

Buying Put Option 🔽 –

If Bank Nifty breaks the level of 47960 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 : 47800.

BankNifty Prediction for 8 January 2024 (Monday) – 

On 5 January, Bank Nifty went through a volatile day, strengthening in the wide range of 47480 – 48640. During this entire phase, it maintained support at 47750. Upon completion of this range-bound activity, the next upside move is expected. Resistance target is at 48500 – 49000. Important support is at 47750.

Bank Nifty Trend – 

Bank Nifty Levels –

Intraday Buying –

Buy Call – Buy Above 48300 or 48500

Buy Put – Buy Below 47960

Bank Nifty Breakout Levels –

For Buying Call Option : 48300, 48500.

For Buying Put Option : 47960.

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