NIFTY is likely to open negative.
NIFTY short-term support is between 24550-24600 and resistance is between 25900-25950.
BANKNIFTY short-term support is between 54000-54100 and resistance is between 55000-55100.
Max pain for NIFTY has decreased to 24800.
Max pain for BANKNIFTY has decreased to 55000.
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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