Indian Market Outlook: September 23, 2024


NIFTY is likely to open positive.

NIFTY short-term support is between 25700-25750 and resistance is between 25950-26000.

BANKNIFTY short-term support is between 53600-53700 and resistance is between 54500-54600.


Max pain for NIFTY has increased to 25550.

Max pain for BANKNIFTY has increased to 53200.

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: Big Loss





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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