NIFTY is likely to open negative.
NIFTY short-term support is between 25500-25550 and resistance is between 25800-25850.
BANKNIFTY short-term support is between 60500-60600 and resistance is between 61500-61600.
Max pain for NIFTY has increased to 25700.
Max pain for BANKNIFTY has increased to 61000.
You may look for a Long PUT/Short CALL on the rally.
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: ALPHA, ASTRAL, ATUL, BANKBEES, CERA, CHOLAFIN, CONCOR, DMART, GOLDBEES, FINEORG, FINPIPE, HCLTECH, HDFCBANK, ICICIBANK, JUNIORBEES, KPITTECH, LIQUIDBEES, MOM30IETF, NIFTYBEES, POLYMED, REDTAPE, RHIM, SBIN, SILVERBEES, TIMKEN, etc.
We regularly trade weekly options.





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