Indian Market Outlook: April 23, 2025

NIFTY is likely to open positive.

NIFTY short-term support is between 23950-24000 and resistance is between 24400-24450.

BANKNIFTY short-term support is between 55100-55200 and resistance is between 56400-56500.

Max pain for NIFTY has increased to 24000.

Max pain for BANKNIFTY has increased to 54600.

You may look for a 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: ATUL, BANKBEES, CHOLAFIN, CONCOR, DMART, GOLDBEES, FINEORG, HCLTECH,  HDFCBANK, ICICIBANK, JUNIORBEES, KPITTECH, LIQUIDBEES, MOM30IETF, NIFTYBEES, POLYMED, REDTAPE, SBIN, SILVERBEES, TIMKEN, etc.

We regularly trade weekly options.

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