Indian Market Outlook: November 05, 2024

NIFTY is likely to open neutral.

NIFTY short-term support is between 22700-23750 and resistance is between 24150-24200.

BANKNIFTY short-term support is between 50600-50700 and resistance is between 51600-51700.

Max pain for NIFTY has decreased to 24100.

Max pain for BANKNIFTY has decreased to 51500.

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: BANKBEES, CHOLAFIN, CONCOR, GODLBEES, HCLTECH,  HDFCBANK, ICICIBANK, JUNIORBEES, LIQUIDBEES, NIFTYBEES, POLYMED, SBIN, SILVERBEES, TIMKEN, etc.

Current stock option trades open: None

We regularly trade weekly options.