Indian Market Outlook: December 16, 2024

NIFTY is likely to open negative.

NIFTY short-term support is between 24350-24400 and resistance is between 24800-24850.

BANKNIFTY short-term support is between 52600-52700 and resistance is between 53800-53900.

Max pain for NIFTY has increased to 24650.

Max pain for BANKNIFTY has decreased to 53100.

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

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

Workshop:

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

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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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