NIFTY is likely to open negative.
NIFTY short-term support is between 23450-23500 and resistance is between 24050-24100.
BANKNIFTY short-term support is between 54600-54700 and resistance is between 55900-56000.
Max pain for NIFTY has increased to 23950.
Max pain for BANKNIFTY has increased to 55500.
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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