NIFTY is likely to open negative.
NIFTY short-term support is between 23350-23400 and resistance is between 23700-23750.
BANKNIFTY short-term support is between 54500-54600 and resistance is between 55500-55600.
Max pain for NIFTY has decreased to 23900.
Max pain for BANKNIFTY has decreased to 58000.
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.





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