Nifty Option Chain Analysis (6 October 2023) Friday –
Nifty PCR (Put Call Ratio) –
OI (Open Interest) PCR : 0.85
CHNG IN OI (Change in Open Interest) PCR : 0.91
Nifty Highest OI Writing –
Highest Call Writing At : 19550, 19600
Highest Put Writing At : 19550, 19500
Nifty Range / Level –
Nifty Resistance Level – 19622
Nifty Support Level – 19438
Nifty Sentiment – Downtrend And Bearish(According to PCR)
NIFTY LIVE TRADING BREAKOUT LEVEL (MAGICAL LEVEL ✨✨) –
[ Last Updated on 5 October 7:30PM ]
BUY CALL : Above 19622
BUY PUT : Below 19438
BUY CALL ON DEEP : 19579
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Nifty 50 Prediction for 6 October 2023 ( Friday ) –
Nifty Intraday Trading :
Buying Call Option 🔼 –
If Nifty 50 breaks the level of 19622 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: 19719.
Buy Call on Deep : 19579 ( Buy with positive candle and green candle. )
Buying Put Option 🔽 –
If Nifty 50 breaks the level of 19438 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 6 October 2023 ( Friday ) –
There is a good chance of the market remaining flat on 5 October the market opened a gap up and then it was in a higher range and closed near 19550 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 19600 or 19500 levels but all these aspects depend on the global cues.
On 5 October, Nifty started the day with a gap up, strengthened throughout and closed with a gain of almost 110 points; This has formed a bullish morning star pattern on the daily chart, indicating a possible relief rally as the recent correction stalled near the 20 week moving average at 19320, the 50% Fibonacci retracement with an expected pullback target of 19780 to 19800. The level coincides with the 20 day moving average, while 19460 to 19480 acts as important support, and 19670 to 19700 acts as an immediate barrier zone.
Nifty Trend –
Rupee Desk : The USD/INR : 83.2556 (-0.23%)
Nifty VIX : 10.94 (-6.13%)
Nifty Levels –
Intraday Buying –
Buy Call – Buy Above 19622
Buy Put – Buy Below 19438
Buy Call on Deep – 19579
Nifty Breakout Levels –
For Buying Call Option : 19622, 19579.
For Buying Put Option : 19438.
Stock Market Highlights –
Bajaj Finance has approved raising up to ₹10,000 crore, the company said in an exchange filing on Thursday.
Plaza Wires IPO has been subscribed 158.99 times.
Sensex strengthened by 405 points, Nifty closed above 19,500.
Infosys and Economist Impact, an arm of The Economist Group, have announced the launch of the Value Chain Navigator (VCN) to help businesses understand and address their Scope 3 emissions.
Kimia Biosciences Limited has received notification of incorporation of Magnigent Biochem LLP from the Ministry of Corporate Affairs.
OnMobile and Robi launch Challenges Arena, shares rise.
Bharat Heavy Electricals pays final dividend of ₹88 crore to Center for the year 2022-23, BHEL stock up 0.04% on NSE.
Major gainers: LT (2.32%); Infosys (1.62%); TCS (1.61%); Titan (1.59%); Asian Paints (1.49%)
Major losers: Power Grid (-1.33%); Sun Pharma (-0.76%); Hindalco (-0.75%); NTPC (-0.57%); Cipla (-0.56%)
Sharekhan has collaborated with National e-Governance Services for complete digitization of the demat account opening process.
Global Insurance Brokers acquired by Aon plc.
PGIM India AMC launches Category III AIF.
Utkarsh Small Finance: Rs 33.33 crore NSE blocked trade for around 54,10,999 shares at Rs 61.6.
Blue Star to acquire shares worth ₹151 crore in Blue Star Climatch.
Indian Services PMI hits 61 in September, highest level in 13 years.
Tata Motors UK JLR sales: 8,125 units vs 1,470 (mom) vs 6,400 units (y-o-y).
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