Market Outlook & Trading Report (29 Oct - Sensex Expiry)

Nifty 50 Levels • Breakdown Pivot (Daily Mean): 22,674 – 22,678 (15m 22,670 / 1h 22,688) — A close below 22,674 triggers an immediate slide toward 22,557 and 22,497. • Intraday Low / Trigger: 22,497 — A breakdown below 22,497 opens deeper targets at 22,267. • Weekly Support Floor: 22,500 – 22,550 — Repeatedly knocked; a breakdown exposes major downside. • Upside Hurdle & FVG Resistance: 22,722 — Needs to hold above 22,722 to attempt 22,845 (FVG level) and 22,945 – 23,000. Sensex Expiry Levels • Hourly Mean Pivot: 73,300 – 73,333 — Central decision level; trade long above 73,333 on BOS and short below 73,333 on CHoCH. • Downside Support Zones: 72,900 – 73,000, extending to 72,500 – 72,722. • Bullish Reversal Threshold: 73,700 – 73,800 — Structural bullishness opens only above 73,800. ________________________________________ Derivatives & Actionable Strategy • Option Chain Insights: Fierce battle at 22,700 (57.9L Calls vs 52L Puts) with immediate put support at 22,600. • Trading Strategy: Short on a breakdown below 22,674 or on rejection near 22,722 – 22,845, targeting 22,557 and 22,497. Go long only if 22,722 holds firmly.