Indian Market Outlook: January 06, 2025

NIFTY is likely to open positive.

NIFTY short-term support is between 23850-23900 and resistance is between 24200-24250.

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

Max pain for NIFTY has decreased to 24000.

Max pain for BANKNIFTY has decreased to 51600.

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, MOM30IETF, NIFTYBEES, POLYMED, SBIN, SILVERBEES, TIMKEN, etc.

Current stock option trades open: None

We regularly trade weekly options.

__PRESENT