Nifty Expiry Special Analysis || Guy's Markets on Support Zone

Oct 19, 2023

Good Morning Traders,
Nifty and other indian Indices has done blood bath in yesterday session. American market has also done same. Now Gift Nifty suggesting a Gap down opening in market. Option data suggested that the 10600-19500 may act as a key support area for the nifty. while the 10800-19900 will remain crucial hurdle on the higher side. Well if i tell you chart analysis, then nifty have formed a long bearish candlestick pattern on the daily timeframe.
Well market is on support zone, if market shows any positivity and form any kind of bullish pattern then definitely you should take a chance for upside.

Important Levels for Nifty:-

Intraday Support Zone 19500
Strong Support zone 19300-19350

Intraday Resistance Zone 19700
Strong Resistance zone 19850-19900

Buy above 19725, if levels sustains at least for 15 mints.
Targets we can see in upside 19790/19847
Keep stop loss at 19650

Sale below 19578, if levels sustains at least for 1t mints.
Targets we can see in downside 18497/19426
Keep stop loss at 19650

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou

Oct 19, 2023

Note

guy's market has taken U turn same as discussed.

there is a trade you can go with less qty hero zero

Buy Nifty 19650 ce now at 15
no stop loss
Targets will be 30/45/55++

and one more trade in next week expiry positional trade

Take 19650 ce current month series 26th oct

Now at 97 keep stop loss at 45
Targets will beb 144/181/210++

Expecting moment in market towards 19800+ till next week.