NIFTY is likely to open negative.
NIFTY short-term support is between 26050-26100 and resistance is between 26350-26400.
BANKNIFTY short-term support is between 53400-53500 and resistance is between 54400-54500.
Max pain for NIFTY has increased to 26200.
Max pain for BANKNIFTY has decreased to 54000.
Can look for Long CALL/Short PUT on the drop.
At our short-term levels, directional trades can be tried.
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