Indian Market Outlook: December 24, 2024

NIFTY is likely to open neutral.

NIFTY short-term support is between 23500-23550 and resistance is between 23850-23900.

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


Max pain for NIFTY has decreased to 23950.

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.


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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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