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Trade Setup for October 6: Key Levels, Options Data and Market Trends
M
Moneycontrol•05-10-2026, 22:52
Trade Setup for October 6: Key Levels, Options Data and Market Trends
- •The Nifty 50 rebounded by 0.6 percent after a four-day correction, but the broader structure remains weak as it trades below key moving averages.
- •Immediate resistance for the Nifty 50 is placed at 22,800, while support is anchored at 22,400 followed by 22,200.
- •India VIX rose 2.21 percent to 14.77, signaling ongoing caution among market participants and increasing risk for bulls.
- •Weekly options data shows maximum Call open interest at the 23,000 strike and maximum Put open interest at the 22,500 strike.
- •Ambuja Cements, Bandhan Bank, and SAIL remain under the F&O ban segment for the trading session.
Key Questions Answered
The Nifty 50 has an immediate resistance placed at 22,800, followed by the 23,000–23,200 zone as a crucial hurdle. On the downside, 22,400 provides immediate support, with 22,200 serving as a key support level.
The stocks retained in the F&O ban segment are Ambuja Cements, Bandhan Bank, and SAIL.
The Nifty Put-Call Ratio (PCR) jumped to 0.94, where a higher ratio above 0.7 or moving towards 1 indicates that traders are selling more Put options than Call options, reflecting a firming up of bullish sentiment. Conversely, a fall below 0.7 reflects a bearish mood.
