Indian Market Outlook: February 07, 2025

NIFTY is likely to open neutral.

NIFTY short-term support is between 23400-23450 and resistance is between 23800-23850.

BANKNIFTY short-term support is between 49700-49800 and resistance is between 50700-50800.

Max pain for NIFTY is same at the 23600.

Max pain for BANKNIFTY is same at the 50200.

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

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

Please note that this information is for general purposes only. Please consult your financial advisor.

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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.

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