Stock Market Today : Sensex gained 328 points by moving 550 points and Nifty50 gained 103 points by moving 170points in whole day
Stock Market Today : Index Options Trading Technical Analysis
Sensex Today
Sensex gained 328 points by moving 550 points and Nifty50 gained 103 points by moving 170points in whole day.
Sensex moved up with good buying since morning and this is because last created support by consolidation of buying and selling cycles which is very important thing in trading trader get's good big move from that position like what happened today.
Sensex gained today on last days support and sustained above 82400 levels and marked high above the 82600 levels and came down but it has created current support here above 82400 levels and two hours sessions from 11 to 1 pm is again consolidation and it moved up again with buying and came down in same levels this is because of normal day trading but sustained above 82400 level.
Sensex has created good support here and it will go up further by breaking 82730 levels and further of it. It is a strong resistance faced by Sensex.
Index Sensex Call Option Buyers
for options buyer, first target is 82730 and by sustaining above it further of it is 82950 to 83300 level.
Index Sensex Put Option Buyers
And if selling happens for profit booking for today movement then it can come down to level of 82300 and 82150 PE: 82600,16 Oct once it breaks 300 levels then target is 400rs
Nifty50 Today
Nifty also opened with good buying and last days market move and directly hit the 25300 levels and tried to sustain there and with buying and selling consolidate their which is very good for further movement as you see in charts it again hit the 25330 levels and came down to 25278 and closed which normal trading behaviour but this chart is good for next upside movement to make money.
Today's day candle shows there is good buying happened in nifty and which is very good for Monday trading session
But there is expiry on Monday so it is possible that selling will happen because of expiry and profit booking so trade by considering these things.
Index Nifty Call Option Buyers
If nifty sustain with current support of 25270 then it can hit new high which is 25344 and then next target is 25400 levelsIndex Nifty Put Option Buyers
If selling happens for profit booking then it can come to level of 25220 and if it breaks the support then target is previous levels for down side 25150.
overall options traders can trade between for call and put options with middle levels and book small profit for quick intraday trades
Comments