Indian Market Outlook: April 29, 2025

NIFTY is likely to open neutral.

NIFTY short-term support is between 24050-24100 and resistance is between 24450-24500.

BANKNIFTY short-term support is between 54500-54600 and resistance is between 56000-56100.

Max pain for NIFTY has increased to 24250.

Max pain for BANKNIFTY has increased to 54500.

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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Disclosure:

Portfolio: ATUL, BANKBEES, CHOLAFIN, CONCOR, DMART, GOLDBEES, FINEORG, HCLTECH,  HDFCBANK, ICICIBANK, JUNIORBEES, KPITTECH, LIQUIDBEES, MOM30IETF, NIFTYBEES, POLYMED, REDTAPE, SBIN, SILVERBEES, TIMKEN, etc.

We regularly trade weekly options.

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