Nifty Trading Plan For Second week of OCT 2023

End-of-Day Analysis Helps Traders to Understand the sentiment and Identify Potential Trading Opportunities for the Next Trading Day

Nifty Support
Nifty Support 1 - 19620
Nifty Support 2 - 19560
Nifty Support 3 - 19450
Nifty Support 4 - 19320

Nifty Resistance
Nifty Resistance 1 - 19750
Nifty Resistance 2 - 19850
Nifty Resistance 3 - 19950

Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.93 ( Bullish)
Max Pain As per Option Chain Analysis - 19600
Major Resistance as Per Nifty Open Interest Analysis - 20000
Major Support as Per Nifty Open Interest Analysis - 19400

Long Opportunity in Nifty Trading
On Friday Nifty broke resistance19640, which is a positive sign for Nifty
Next week, Buying opportunities will be above 19620, 19550 and above 19750

Short opportunity in Nifty Trading
As we Know Nifty is in a short-term downtrend,
If nifty Sustain below 19600 try to Short nifty, The Next Shorting opportunity is near resistance 19750 and 19850

If you Like our Trading Plan Please Like and Share, Thank you.