NIFTY is likely to open neutral.
NIFTY short-term support is between 24750-24800 and resistance is between 25100-25150.
BANKNIFTY short-term support is between 54600-54700 and resistance is between 55600-55700.
Max pain for NIFTY has decreased to 25000.
Max pain for BANKNIFTY has decreased to 55100.
You may look for a Long PUT/Short CALL on the rally.
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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