Indian Market Outlook: September 26, 2024

NIFTY is likely to open negative.

NIFTY short-term support is between 25750-25800 and resistance is between 26050-26100.

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

Max pain for NIFTY has increased to 25850.

Max pain for BANKNIFTY has increased to 54000.

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.

Workshop:

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

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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.