Indian Market Outlook: August 12, 2024


NIFTY is likely to open neutral.

NIFTY short-term support is between 23950-24000 and resistance is between 24450-24500.

BANKNIFTY short-term support is between 49600-49700 and resistance is between 50800-50900.


Max pain for NIFTY has increased to 24350.

Max pain for BANKNIFTY has increased to 50400.


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.

https://www.sonicalpha.com/p/algo.html



Upcoming Events:


Workshop:

http://www.pasitechnologies.com/p/trading.html



Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html



More info:

https://www.pasitechnologies.com/p/trainer.html




Trade setup:


Disclosure:
Portfolio: CHOLAFIN, CONCOR, HCLTECH,  HDFCBANK, ICICIBANK, LIQUIDBEES, NIFTYBEES, POLYMED, SBIN, TIMKEN, 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.

Pages