Indian Market Outlook: January 02, 2025

NIFTY is likely to open neutral.

NIFTY short-term support is between 23550-23600 and resistance is between 23900-23950.

BANKNIFTY short-term support is between 50500-50600 and resistance is between 51500-51600.

Max pain for NIFTY has increased to 23750.

Max pain for BANKNIFTY is same at the 51800.

Can look for a long PUT/short CALL at the rally.

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.

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