#nifty50 : Trading levels

Expiry ki Baat @ 19/10/2023:-

· Nifty trend support seen at 19030 and series support placed at 19140

· Immediate support is placed at 19650 – breach of this can invite further selling pressure

· In Index options, FII and PRO are net short

· Options chain - OI concentration in Nifty is in at 19800CE and 19600PE

· Expect range bound movement if support of 19650 is breached – if held there remains possibility of upside for expiry session/new week

Suggested strategy:-

Sell Nifty 19OCT 19600 put and 19850 call – Inflow @ 25 and maintain SL @ 50