NIFTY is likely to open positive.
NIFTY short-term support is between 24100-24150 and resistance is between 24450-24500.
BANKNIFTY short-term support is between 52100-52200 and resistance is between 53400-53500.
Max pain for NIFTY has increased to 24200.
Max pain for BANKNIFTY has increased to 53000.
Max pain for USDINR is same at the 0.00.
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):
Algo trading: Under control.
Upcoming Events:
Workshop:
Prerequisite:
More info:
Trade setup:
https://www.moneycontrol.com/news/business/markets/options-trade-a-strategy-to-benefit-from-sideways-movement-in-icici-bank-12761829.html
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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