NIFTY is likely to open positive.
It is likely to remain between our short term levels.
NIFTY short term support is between 16920-16970 and resistance is between 17180-17230.
BANKNIFTY short term support is between 34700-34800 and resistance is between 35620-35720.
Max pain for NIFTY has increased to 17100.
Max pain for BANKNIFTY has increased to 35500.
Max pain for USDINR has decreased to 75.50.
Can look for Long CALL/Short PUT on drop.
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