Indian Market Outlook: January 17, 2025


NIFTY is likely to open negative.

NIFTY short-term support is between 23050-23100 and resistance is between 23400-23450.

BANKNIFTY short-term support is between 48600-48700 and resistance is between 49600-49700.


Max pain for NIFTY has increased to 23300.

Max pain for BANKNIFTY is same at the 50000.


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

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






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.

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