Nifty Outlook for 5-Oct-2023 based on Option Chain Data as on EOD 4-Oct-2023 for expiry of 5-Oct-2023

Nifty Outlook for 5-Oct-2023 based on Option Chain Data as on EOD 4-Oct-2023 for expiry of 5-Oct-2023 

Data is pointing towards 19350

Level mentioned above is for Futures while below are for Spot.

Support and Resistance outlook based on Spot Nifty Historical Price Data.

The range of 19350 to 19450 is a good support. It is critical for Spot Nifty to remain above 19350 on closing basis. If Nifty continues to sustains above 19350 then there are chances of movement towards 19650 to 19750, However, below 19250 there are chances of it gradually moving towards 18750 to 18850.

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 

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