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Trade Setup for October 19: Key Levels, Options Data and Market Trends to Know
M
Moneycontrol•18-10-2026, 22:37
Trade Setup for October 19: Key Levels, Options Data and Market Trends to Know
- •The Nifty 50 extended its upward momentum, moving decisively above the 23,000 mark with gains of 0.65 percent and forming a bullish candle on the daily chart.
- •Immediate resistance for the Nifty is seen in the 23,300-23,350 zone, while crucial support lies in the 22,900-23,000 range.
- •Maximum Call open interest for the Nifty is concentrated at the 23,500 strike, while the 22,700 strike holds the maximum Put open interest.
- •The Bank Nifty maintained an upward trajectory, trading above its 10-day and 20-day EMAs with technical indicators suggesting improving bullish momentum.
- •Ambuja Cements, Kaynes Technology India, and SAIL remain under the F&O ban segment for the trading session.
Key Questions Answered
Immediate support for the Nifty 50 is placed in the 22,900–23,000 range, followed by 22,800 as a key support level. Meanwhile, immediate resistance is expected in the 23,300–23,350 zone, followed by a crucial hurdle at 23,500.
The stocks retained under the F&O ban segment include Ambuja Cements, Kaynes Technology India, and SAIL.
The India VIX remained unchanged at 14.02 on Friday and continued to hover at elevated levels.
