NIFTY is likely to open neutral.
NIFTY short-term support is between 24100-24150 and resistance is between 24450-24500.
BANKNIFTY short-term support is between 52100-52200 and resistance is between 53400-53500.
Max pain for NIFTY has decreased to 24250.
Max pain for BANKNIFTY has decreased to 52500.
Max pain for USDINR is same at the 0.00.
Can look for Long CALL/Short PUT on the drop.
At our short-term levels, directional trades can be tried.
Disclosure:
Portfolio: CHOLAFIN, CONCOR, HCLTECH, HDFCBANK, ICICIBANK, LIQUIDBEES, NIFTYBEES, POLYMED, SBIN, TIMKEN, etc.
Current stock option trades open: None
We regularly trade weekly options.
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