NIFTY is likely to open negative.
NIFTY short-term support is between 24400-24450 and resistance is between 24750-24800.
BANKNIFTY short-term support is between 54600-54700 and resistance is between 55600-55700.
Max pain for NIFTY has decreased to 24600.
Max pain for BANKNIFTY is same at the 56000.
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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