Indian Market Outlook: May 02, 2025

NIFTY is likely to open positive.

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 is same at the 24300.

Max pain for BANKNIFTY is same at the 54600.

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.

Workshop:

http://www.pasitechnologies.com/p/trading.html

Free Training Sessions: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

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.