Indian Market Outlook: January 03, 2024

 

NIFTY is likely to open negative.

NIFTY short-term support is between 21500-21550 and resistance is between 21850-21900.

BANKNIFTY short-term support is between 47300-47400 and resistance is between 48400-48500.


Max pain for NIFTY has decreased to 21700.

Max pain for BANKNIFTY has decreased to 47800.

Max pain for USDINR is same at the 83.25.


Can look for Long PUT/Short CALL on the rally. 

Event: Adani-Hindenburg case: Supreme Court to deliver the verdict at around 10:30 AM, this may increase volatility.

At our short-term levels, directional trades can be tried.




Last Trading Day's Highlights for us (algo trading):
Algo trading: Under control.



Upcoming Events:

Workshop:


Prerequisite: 


More info:



Trade setup:


Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade weekly options.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

SEBI Registered Research Analyst Name: Santosh Kumar Karmraj Pasi

SEBI Research Analyst Registration No.: INH000009533

BSE Enlistment No.: 5554

Email: santoshpasi@yahoo.com

Telephone: +91.98202.00550

Address: Flat D-303, Akar Pinnacle, Near BMC Dattapada School,, Dattapada Road, Dattapada, Borivali (E), MUMBAI, MAHARASHTRA, 400066

Warning: "Investment in securities market are subject to market risks. Read all the related documents carefully before investing."

Disclaimer: "Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors."

"The securities quoted are for illustration only and are not recommendatory."

Pages