NIFTY is likely to open negative.
NIFTY short-term support is between 24700-24750 and resistance is between 25000-25050.
BANKNIFTY short-term support is between 56100-56200 and resistance is between 57100-57200.
Max pain for NIFTY has decreased to 25000.
Max pain for BANKNIFTY has decreased to 56800.
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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