NIFTY is likely to open negative.
NIFTY short-term support is between 22500-22550 and resistance is between 22800-22850.
BANKNIFTY short-term support is between 54100-54200 and resistance is between 55100-55200.
Max pain for NIFTY has decreased to 22700.
Max pain for BANKNIFTY is same at the 56000.
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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