Indian Market Outlook: December 28, 2023


NIFTY is likely to open positive.

NIFTY short-term support is between 21400-21450 and resistance is between 21750-21800.


BANKNIFTY short-term support is between 47700-47800 and resistance is between 48500-48600.


Max pain for NIFTY has increased to 21550.

Max pain for BANKNIFTY has increased to 48000.

Max pain for USDINR is same at the 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.






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