NIFTY is likely to open neutral.
NIFTY short-term support is between 23950-24000 and resistance is between 24400-24450.
BANKNIFTY short-term support is between 54600-54700 and resistance is between 56000-56100.
Max pain for NIFTY has increased to 24150.
Max pain for BANKNIFTY has increased to 55000.
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.
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.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.