Indian Market Outlook: December 20, 2023


NIFTY is likely to open positive.

NIFTY short-term support is between 21250-21300 and resistance is between 21550-21600.


BANKNIFTY short-term support is between 47500-47600 and resistance is between 48500-48600.


Max pain for NIFTY is same at the 21400.

Max pain for BANKNIFTY has increased to 47900.

Max pain for USDINR has increased to 83.25.


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.



Upcoming Events:

Workshop:


Prerequisite: 


More info:


Trade setup:



Disclosure:
Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.
Current stock option trades open: None
We regularly trade weekly options.



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages