Technical Analysis for Nifty 50

2023年10月4日

**Technical Analysis for Nifty 50 on 05/10/23**

**Market View:** Bearish

**Support Levels:** 19400/19300/19200

**Resistance Levels:** 19500/19600

**Analysis:**

* Nifty 50 is currently in a bearish trend.
* If the market breaks below 19400, further downside is possible, down to 19200.
* On the upside, resistance is seen at 19500/19600.

**Conclusion:**

Traders should be cautious about buying options in Nifty 50, as the market is in a bearish trend. If the market breaks below 19400, traders should look to sell short.

**Additional Notes:**

* It is important to note that technical analysis is not a perfect predictor of future market movements. Traders should always use risk management techniques when trading.
* It is also important to consider other factors, such as fundamental and macroeconomic data, when making trading decisions.
* Since Nifty 50 is expiring tomorrow, traders should be extra cautious and avoid holding any losing trades.

**Disclaimer:**

This is not financial advice. Please do your own research before making any trading decisions.