Nifty Outlook for 26-Oct-2023 based on Option Chain data as on EOD 25-Oct-2023 for Expiry on 26-Oct-2023

Predictive Analytics - Data-driven patterns based prediction

Previous trading day prediction review

Nifty futures was expected to move down towards 19200. It did meet the first target that was mentioned and closed at 19130 

Bank Nifty futures had a split prediction of 43700 and 42850. It closed at  42850.

Next trading day prediction

Nifty Outlook for 26-Oct-2023 based on Option Chain data as on EOD 25-Oct-2023 for Expiry on 26-Oct-2023

Update as on 10:30 a.m. 18900 

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Two different parameters are pointing towards different direction. On lower side it is 18900 and higher side 19200. I will check option chain data again in first hour after market opens to see for any additional clarity. 

Nifty spot minor support level of 19250 is broken. Next  major support between 18750 to 18850 (Spot), Next minor Resistance at 19250 to 19350 and major resistance 19350 to 19450 zone.

Note - Global Uncertainties  could cause some disruption.  

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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