Market Insights: Nifty & Bank Nifty Pre-Market Analysis for October 16, 2024

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Team plz note, thr are many telegram channels in my name, i don't use any of them to give any tips, no telegram channel tips, no fund management, or any such things wer u pay me.. i never ask u money, thr are many fakes who take money in my name and few of my subscribers got trapped . so plz plz plz don't get trapped.. only way u can connect to me is Instagram, and in that also thr are many fake profiles.. so the original link i give here.. plz note everything else tha this is fake , and i never ask any single penny from any of u..
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In the pre-market analysis for October 16, 2024, we delve into the current trends and projections for Nifty and Bank Nifty amid significant market events. Following the disappointing consumer inflation data and earnings results from Reliance Industries, the Nifty index experienced downward pressure, particularly affecting the auto sector sensitive to interest rates. Our analysis also highlights FII and DII activities, noting that foreign institutional investors have been net sellers in the cash market.

In terms of options data, the maximum open interest was observed at the 25,200 strike, indicating potential resistance, while support levels were noted at 25,000 and lower strikes. Additionally, the performance of American Depository Receipts (ADRs) reflects the sentiment in the IT sector, with implications for future trading strategies. The volatility in crude oil prices further complicates the outlook, as oil prices impact various sectors.

As we navigate these complex dynamics, traders are advised to remain vigilant, focusing on key levels and market indicators. This analysis aims to equip investors with the necessary insights to make informed decisions in a fluctuating market environment. By understanding the interplay of these factors, traders can better position themselves for potential opportunities in both Nifty and Bank Nifty moving forward.
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[ammumahadevan]

Download the PDF using the below link for free, once done you wil be getting the PPT at the same place after every video free of cost


To get a call back from my team, fill the form below


For Courses





Watsapp for course details 7306221650

my original Instagram page link

Team plz note, thr are many telegram channels in my name, i don't use any of them to give any tips, no telegram channel tips, no fund management, or any such things wer u pay me.. i never ask u money, thr are many fakes who take money in my name and few of my subscribers got trapped . so plz plz plz don't get trapped.. only way u can connect to me is Instagram, and in that also thr are many fake profiles.. so the original link i give here.. plz note everything else tha this is fake, and i never ask any single penny from any of u..
plz note thr is no live trading sessions available as I am not sebi registered analyst, and watever shared is based on my knowledge and experience..

my Instagram link

[willie_willie]

Thank you very much for the market analysis 🙏

[Ethicalgrandma]

Was hanging out in ur channel for this video since 7.30am but since the video was not out yet I started watching ur previous videos...
1st here
Thank you mam

[sanjaygunjal]

Hello Ammu, the video related to 7 rules of camerilla pivot is incomplete. Can you please upload the remaining video

[dreameleventeams]

Madam how to calculate the average price in index options

[mothilalone]

Can u please explain the disadvantages of no weekly expiry in bank nifty and other indices..