Indian Market Outlook: September 13, 2024

 

NIFTY is likely to open neutral.

NIFTY short-term support is between 24950-25000 and resistance is between 25450-25500.

BANKNIFTY short-term support is between 51200-51300 and resistance is between 52000-52100.


Max pain for NIFTY has increased to 25200.

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.




More info:


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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