NIFTY is likely to open negative.
NIFTY short-term support is between 25000-25050 and resistance is between 25350-25400.
BANKNIFTY short-term support is between 56000-56100 and resistance is between 57000-57100.
Max pain for NIFTY has increased to 25300.
Max pain for BANKNIFTY has increased to 56200.
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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