NIFTY is likely to open positive.
NIFTY short-term support is between 22800-22850 and resistance is between 23250-23300.
BANKNIFTY short-term support is between 48700-48800 and resistance is between 49900-50000.
Max pain for NIFTY is same at the 23100.
Max pain for BANKNIFTY is same at the 50000.
May look for Long CALL/Short PUT on the drop.
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.
Disclosure:
Portfolio: BANKBEES, CHOLAFIN, CONCOR, GODLBEES, HCLTECH, HDFCBANK, ICICIBANK, JUNIORBEES, LIQUIDBEES, MOM30IETF, NIFTYBEES, POLYMED, SBIN, SILVERBEES, TIMKEN, etc.
We regularly trade weekly options.
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