Nifty Outlook for 20-Oct-2023 based on Option Chain data as on EOD 19-Oct-2023 for Expiry on 26-Oct-2023

Predictive Analytics - Data-driven patterns based prediction

Note - Global Uncertainties could cause some disruption.  

Previous trading day review

Nifty futures was expected to move towards 19706, however it reached the maximum level of 19669

Nifty Outlook for 20-Oct-2023 based on Option Chain data as on EOD 19-Oct-2023 for Expiry on 26-Oct-2023

I did not publish the report last night because of expiry. Many times positions do not get rollover to new expiry so wanted to check after market opens.

As on 10:00 a.m. on 20-Oct-2023 data is pointing towards 19460.


Nifty spot level of 19650 to 19750 is broken. Next minor support at 19450-19550 and strong support is 19350-10450

Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical Analysis or Fundamental Analysis. It is based on quantitative approach using Predictive Analytics. The outcome could be prone to data issues or calculation issues. This post is for information purpose only.  I don't charge or offer any paid service. The higher probability percentage or ranking does not guarantee the actual outcome to be matching with that of predicted outcome. I am not SEBI registered. For more details on Probability Analysis refer the FAQ in link below https://www.marketprobabilityinsights.com/p/what-is-probability-analysis.html  

Location: India

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