NIFTY is likely to open positive.
NIFTY short-term support is between 23850-23900 and resistance is between 24300-24350.
BANKNIFTY short-term support is between 54300-54400 and resistance is between 55700-55800.
Max pain for NIFTY has decreased to 24100.
Max pain for BANKNIFTY has decreased to 54000.
You may look for a Long CALL/Short PUT on the drop.
At our short-term levels, directional trades may be tried.
Please note that this is not a recommendation. Please consult your financial advisor.
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