Indian Market Outlook: July 01, 2024


NIFTY is likely to open neutral.

NIFTY short-term support is between 23850-23900 and resistance is between 24200-24250.

BANKNIFTY short-term support is between 52000-52100 and resistance is between 53200-53300.


Max pain for NIFTY is same at the 24000.

Max pain for BANKNIFTY has decreased to 52500.

Max pain for USDINR has decreased to 0.00.


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

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




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



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Disclosure:
Portfolio: CHOLAFIN, CONCOR, HCLTECH,  HDFCBANK, ICICIBANK, LIQUIDBEES, NIFTYBEES, POLYMED, SBIN, TIMKEN, etc.
Current stock option trades open: None
We regularly trade weekly options.




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