Indian Market Outlook: December 15, 2023

 

NIFTY is likely to open positive.

NIFTY short-term support is between 20950-21000 and resistance is between 21300-21350.

BANKNIFTY short-term support is between 47200-47300 and resistance is between 48200-48300.


Max pain for NIFTY has increased to 21150.

Max pain for BANKNIFTY has increased to 47800.

Max pain for USDINR is same at the 83.38.


Can look for Long CALL/Short PUT on the drop.

At our short-term levels, directional trades can be tried.


Last Trading Day's Highlights for us (algo trading):
Algo trading: Under control.




Trade setup:


Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade weekly options.



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages