Indian Market Outlook: December 01, 2023

NIFTY is likely to open positive.

NIFTY short-term support is between 20000-20050 and resistance is between 20250-20300.

BANKNIFTY short-term support is between 44050-44150 and resistance is between 45100-45200.

Max pain for NIFTY is same at the 20050.

Max pain for BANKNIFTY has increased to 44500.

Max pain for USDINR is same at the 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.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop:

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-power-grid-corporation-of-india-4-11837271.html

Disclosure:

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

Current stock option trades open: None

We regularly trade weekly options.