15 Oct 2024 - Nifty Predictions (Next Trading Day)

14 ott

1. Index Chart Details
Index: Nifty 50 Index
Date: October 14, 2024
Time Frames:
Monthly (1M)
Weekly (1W)
Daily (1D)
5-Minute (5)

2. Support and Resistance Levels for Next Trading Day
Support Levels:
First Support: 25,000
Second Support: 24,800

Resistance Levels:
First Resistance: 25,200
Second Resistance: 25,400

3. Market Scenario for Next Trading Day
Expected Opening Slight Gap Up
Market Trend Bullish initially, then range-bound
Timing Initial bullish momentum in the first hour, followed by consolidation

4. Options Strategies for Next Trading Day
Recommended Strategies:
Bull Call Spread: Buy 25,100 Call, Sell 25,200 Call
Long Call: Buy 25,200 Call for bullish sentiment
Short Put: Sell 25,000 Put to capitalize on potential support

5a. Calendar Spread Strategy
Recommended Strikes:
Daily: Buy 25,100 Call, Sell 25,200 Call
Weekly: Buy 25,200 Call, Sell 25,300 Call
Monthly: Buy 25,300 Call, Sell 25,400 Call

5b. Daily, Weekly, and Monthly Trends
Daily Bullish 25,000 (Support), 25,200 (Resistance)
Weekly Bullish 24,800 (Support), 25,400 (Resistance)
Monthly Bullish 24,500 (Support), 26,000 (Resistance)

6. Trading Recommendations for ATM, ITM, OTM
ATM Trade Best during initial hour
ITM Trade Good for bullish scenarios
OTM Don't Trade Avoid unless strong bullish signal

Summary
The market is expected to open slightly bullish, with initial momentum followed by a range-bound phase. The recommended strategies focus on bullish positions, particularly around the 25,100 and 25,200 strikes. The calendar spread can be effectively utilized across daily, weekly, and monthly options.

Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.