NIFTY is likely to open neutral.
NIFTY short-term support is between 23100-23150 and resistance is between 23450-23500.
BANKNIFTY short-term support is between 55700-55800 and resistance is between 56700-56800.
Max pain for NIFTY has increased to 23350.
Max pain for BANKNIFTY has decreased to 57200.
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: 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.





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