Indian Market Outlook: September 06, 2024


NIFTY is likely to open negative.

NIFTY short-term support is between 25000-25050 and resistance is between 25300-25350.

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


Max pain for NIFTY has decreased to 25150.

Max pain for BANKNIFTY has increased to 51500.


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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