Nifty Outlook for 20-Nov-2023 based on Option Chain data as on EOD 17-Nov-2023 for Expiry on 23-Nov-2023
Predictive Analytics - Data-driven patterns based prediction
Jai Jinendra,
Previous trading day prediction review
Nifty futures data was pointing towards 19760. The actual low for the day was 19750.55 after which it closed at 19803.
Next trading day prediction (Futures).
Nifty Outlook for 20-Nov-2023 based on Option Chain data as on EOD 17-Nov-2023 for Expiry on 23-Nov-2023
Data is pointing towards 19750 and 19700 on lower side(futures)
Nifty spot Support 19300 and Resistance 19800. In between there are minor support and resistance.
Note -
1, If Prediction is pointing towards high, and market opens high next day then check the risk reward else avoid such trade. Same for opposite side.
2. Why sometimes system parameters provides two predictions on opposite sides?
3. Global Uncertainties and events like US FOMC meets etc could cause some disruption.
4. Instead of using my predictions for trading, use it as second opinion to supplement to your own analysis.
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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