Indian Market Outlook: April 25, 2024


NIFTY is likely to open negative.

NIFTY short-term support is between 22200-22250 and resistance is between 22500-22550.

BANKNIFTY short-term support is between 47500-47600 and resistance is between 48400-48500.


Max pain for NIFTY has increased to 22350.

Max pain for BANKNIFTY has increased to 48100.

Max pain for USDINR is same at the 83.25.


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

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