NIFTY is likely to open positive.
NIFTY short-term support is between 24150-24200 and resistance is between 24550-24600.
BANKNIFTY short-term support is between 54500-54600 and resistance is between 56000-56100.
Max pain for NIFTY has increased to 24350.
Max pain for BANKNIFTY has increased to 54800.
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.
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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