Indian Market Outlook: April 17, 2025

NIFTY is likely to open negative.

NIFTY short-term support is between 22950-23000 and resistance is between 23450-23500.

BANKNIFTY short-term support is between 52200-52300 and resistance is between 53200-53300.

Max pain for NIFTY has increased to 23300.

Max pain for BANKNIFTY has increased to 52000.

You may look for a Long CALL/Short PUT on the drop.

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

Please note that this is not a recommendation. Please consult your financial advisor.

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Disclosure:

Portfolio: ATUL, BANKBEES, CHOLAFIN, CONCOR, DMART, GOLDBEES, FINEORG, HCLTECH,  HDFCBANK, ICICIBANK, JUNIORBEES, KPITTECH, LIQUIDBEES, MOM30IETF, NIFTYBEES, POLYMED, REDTAPE, SBIN, SILVERBEES, TIMKEN, etc.

We regularly trade weekly options.

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