Indian Market Outlook: October 09, 2024


NIFTY is likely to open neutral.

NIFTY short-term support is between 24650-24700 and resistance is between 25150-25200.

BANKNIFTY short-term support is between 50100-50200 and resistance is between 51500-51600.


Max pain for NIFTY has decreased to 25050.

Max pain for BANKNIFTY has decreased to 51200.


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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