NIFTY is likely to open neutral.
NIFTY short-term support is between 22250-22300 and resistance is between 22600-22650.
BANKNIFTY short-term support is between 47500-47600 and resistance is between 48500-48600.
Max pain for NIFTY is same at the 22500.
Max pain for BANKNIFTY has decreased to 48600.
You may look for a long PUT/short CALL at the rally.
At our short-term levels, directional trades may be tried.
Please note that this is not a recommendation. 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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