NIFTY is likely to open positive.
NIFTY short-term support is between 24500-24550 and resistance is between 24800-24850.
BANKNIFTY short-term support is between 53600-53700 and resistance is between 54600-54700.
Max pain for NIFTY has decreased to 24650.
Max pain for BANKNIFTY is same at the 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.





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