NIFTY is likely to open neutral.
It is likely to remain between our short term levels.
NIFTY short term support is between 17750-17800 and resistance is between 18100-18150.
BANKNIFTY short term support is between 38770-38870 and resistance is between 40350-40450.
Max pain for NIFTY is same at 17900.
Max pain for BANKNIFTY has increased to 39900.
Max pain for USDINR has decreased to 74.75.
Can look for Long PUT/Short CALL on rally.
Trade setup:
https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-sbi-7670801.html
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