Indian Market Outlook: May 19, 2026

NIFTY is likely to open neutral.

NIFTY short-term support is between 23450-23500 and resistance is between 23850-23900.

BANKNIFTY short-term support is between 53000-53100 and resistance is between 54100-54200.

Max pain for NIFTY has decreased to 23600.

Max pain for BANKNIFTY has decreased to 55200.

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.

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

We regularly trade weekly options.