Indian Market Outlook: December 19, 2024

NIFTY is likely to open negative.

NIFTY short-term support is between 23800-23850 and resistance is between 24250-24300.

BANKNIFTY short-term support is between 51400-51500 and resistance is between 52400-52500.

Max pain for NIFTY has decreased to 24250.

Max pain for BANKNIFTY has decreased to 52600.

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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