Indian Market Outlook: October 14, 2024

NIFTY is likely to open neutral.

NIFTY short-term support is between 24700-24750 and resistance is between 25200-25250.

BANKNIFTY short-term support is between 50700-50800 and resistance is between 51900-52000.


Max pain for NIFTY has decreased to 25000.

Max pain for BANKNIFTY has decreased to 51300.


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: 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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