Indian Market Outlook: October 22, 2024

NIFTY is likely to open neutral.

NIFTY short-term support is between 24550-24600 and resistance is between 24950-25000.

BANKNIFTY short-term support is between 51400-51500 and resistance is between 52200-52300.

Max pain for NIFTY has decreased to 24800.

Max pain for BANKNIFTY is same at the 52000.

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.

Workshop:

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

Free Training Sessions: 

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

More info:

https://www.pasitechnologies.com/p/trainer.html

Disclosure:

Portfolio: CHOLAFIN, CONCOR, HCLTECH,  HDFCBANK, ICICIBANK, JUNIORBEES, LIQUIDBEES, NIFTYBEES, POLYMED, SBIN, TIMKEN, etc.

Current stock option trades open: None

We regularly trade weekly options.

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