manojshinde27

Nifty Trading Plan For Second week of OCT 2023

Long
NSE:NIFTY   Nifty 50 Index
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

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