Indian Market Outlook: October 29, 2024

NIFTY is likely to open neutral.

NIFTY short-term support is between 24050-24100 and resistance is between 24450-24500.

BANKNIFTY short-term support is between 50700-50800 and resistance is between 51700-51800.

Max pain for NIFTY is same at the 24500.

Max pain for BANKNIFTY has increased to 51400.

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

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.