NIFTY is likely to open negative.
NIFTY short-term support is between 22650-22700 and resistance is between 23050-23100.
BANKNIFTY short-term support is between 48800-48900 and resistance is between 49800-49900.
Max pain for NIFTY has increased to 23100.
Max pain for BANKNIFTY has decreased to 49500.
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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