Nifty Option Chain Analysis (11 October 2023) Wednesday –
Nifty PCR (Put Call Ratio) –
OI (Open Interest) PCR : 1.28
CHNG IN OI (Change in Open Interest) PCR : 15.48
Nifty Highest OI Writing –
Highest Call Writing At : 20000
Highest Put Writing At : 19600
Nifty Range / Level –
Nifty Resistance Level – 19762
Nifty Support Level – 19636
Nifty Sentiment – Uptrend And Bullish(According to PCR)
NIFTY LIVE TRADING BREAKOUT LEVEL (MAGICAL LEVEL ✨✨) –
[ Last Updated on 10 October 8:30PM ]
BUY CALL : Above 19762
BUY PUT : Below 19636
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Nifty 50 Prediction for 11 October 2023 ( Wednesday ) –
Nifty Intraday Trading :
Buying Call Option 🔼 –
If Nifty 50 breaks the level of 19762 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: 19791.
If Nifty 50 breaks the level of 19791 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: 19814.
Buying Put Option 🔽 –
If Nifty 50 breaks the level of 19636 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 : 19585.
Nifty Prediction for 11 October 2023 (Wednesday) –
There is a good possibility of the market to remain on the upside On 10 October the market opened a gap up and then it was on an uptrend and closed near 19700 levels. If it goes beyond any of the above levels it will give a sideways move either up or down. Nifty has given a flat start, it can go up to 19800 or 19600 levels but all these aspects depend on the global cues.
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 gain of 177.50 points, with All areas took the lead. , 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 signal above the 19,740-19,780 range. gives. The close will confirm a trend reversal, potentially paving the way for a reversal. With immediate support at 19,575, the index will reach 20,000.
Nifty Trend –
Rupee Desk : The USD/INR : 83.2592 (-0.011%)
Nifty VIX : 11.27 (-1.14%)
Nifty Levels –
Intraday Buying –
Buy Call – Buy Above 19762 or 19791
Buy Put – Buy Below 19636
Nifty Breakout Levels –
For Buying Call Option : 19762, 19791.
For Buying Put Option : 19636.
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.