NIFTY is likely to open neutral.
NIFTY short-term support is between 17750-17800 and resistance is between 18300-18350.
BANKNIFTY short-term support is between 41550-41650 and resistance is between 42850-42950.
Max pain for NIFTY has decreased to 17950.
Max pain for BANKNIFTY has decreased to 42200.
Max pain for USDINR has decreased to 82.25.
Can look for Long PUT/Short CALL on the rally.
At our short-term levels, directional trades can be tried.
Last Trading Day's Highlights for us (algo trading):
Weekly BANKNIFTY strategies trades: Under control.
Upcoming Events:
Workshop:
Prerequisite:
More info:
Trade setup:
https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-hcl-technologies-6-9843811.html
Disclosure:
Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.
Current stock option trades open: None
We regularly trade BANKNIFTY weekly option.
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