Indian Market Outlook: February 20, 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 48800-48900 and resistance is between 49800-49900.

Max pain for NIFTY is same at the 22950.

Max pain for BANKNIFTY has increased to 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 is not a recommendation. 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.

We regularly trade weekly options.

__PRESENT