Indian Market Outlook: November 29, 2023


NIFTY is likely to open positive.

NIFTY short-term support is between 19700-19750 and resistance is between 19950-20000.


BANKNIFTY short-term support is between 43500-42600 and resistance is between 44300-44400.


Max pain for NIFTY has increased to 19850.

Max pain for BANKNIFTY has increased to 43900.

Max pain for USDINR has increased to 83.38.


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):
Algo trading: Under control.




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Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade weekly options.


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