Indian Market Outlook: January 29, 2025

NIFTY is likely to open neutral.

NIFTY short-term support is between 22700-22750 and resistance is between 23100-23150.

BANKNIFTY short-term support is between 48100-48200 and resistance is between 49200-49300.

Max pain for NIFTY is same at the 23100.

Max pain for BANKNIFTY has increased to 49300.

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

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http://www.pasitechnologies.com/p/prerequisite.html

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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