NIFTY is likely to open negative.
NIFTY short-term support is between 22600-22650 and resistance is between 23000-23050.
BANKNIFTY short-term support is between 48400-48500 and resistance is between 49400-49500.
Max pain for NIFTY has decreased to 23000.
Max pain for BANKNIFTY is same at the 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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