Indian Market Outlook: December 12, 2024


NIFTY is likely to open neutral.

NIFTY short-term support is between 24300-24350 and resistance is between 24850-24900.

BANKNIFTY short-term support is between 52900-53000 and resistance is between 54000-54100.


Max pain for NIFTY is same at the 24600.

Max pain for BANKNIFTY has increased to 53300.


Can look for Long CALL/Short PUT on the drop.

At our short-term levels, directional trades can be tried.





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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.

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