Indian Market Outlook: December 26, 2023


NIFTY is likely to open neutral.

NIFTY short-term support is between 21050-21100 and resistance is between 21500-21550.


BANKNIFTY short-term support is between 47300-47400 and resistance is between 48400-48500.


Max pain for NIFTY has increased to 21300.

Max pain for BANKNIFTY has decreased to 47500.

Max pain for USDINR is the same at 83.25.


Can look for Long PUT/Short CALL on the rally.

At our short-term levels, directional trades can be tried.




Last Trading Day's Highlights for us (algo trading):
Algo trading: Under control.





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.



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