Indian Market Outlook: September 05, 2024

NIFTY is likely to open positive.

NIFTY short-term support is between 25050-25100 and resistance is between 25350-25400.

BANKNIFTY short-term support is between 51000-51100 and resistance is between 51800-52900.

Max pain for NIFTY has decreased to 25200.

Max pain for BANKNIFTY has decreased to 51400.

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.

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

Upcoming Events:

Workshop:

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

Free Training Sessions: 

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

More info:

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