Indian Market Outlook: December 17, 2024

NIFTY is likely to open neutral.

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

BANKNIFTY short-term support is between 52900-53000 and resistance is between 53800-53900.

Max pain for NIFTY is same at the 24650.

Max pain for BANKNIFTY has increased to 53200.

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

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

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.

__PRESENT