NIFTY is likely to open positive.
NIFTY short-term support is between 16050-16100 and resistance is between 16370-16420.
BANKNIFTY short-term support is between 34730-34830 and resistance is between 35610-35710.
Max pain for NIFTY has increased to 16150.
Max pain for BANKNIFTY has increased to 35000.
Max pain for USDINR is same at the 77.50.
Can look for Long CALL/Short PUT on the drop.
At our short-term levels, directional trades can be tried.
Last Trading Day's Highlights for us (algo trading):
Weekly BANKNIFTY strategies trades: Closed in GREEN.
Upcoming Events:
Workshop:
Prerequisite:
More info:
https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-jsw-steel-4-8586531.html
Disclosure:
Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, ICICI BANK, ITC, AXIS BANK, YESBANK, etc.
Current stock option trades open: HDFC, ICICIBANK and TVS MOTORS
We regularly trade BANKNIFTY weekly option.
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