Indian Market Outlook: December 11, 2023

NIFTY is likely to open neutral.

NIFTY short-term support is between 20800-20850 and resistance is between 21050-21100.

BANKNIFTY short-term support is between 46650-46750 and resistance is between 47600-47700.

Max pain for NIFTY is same at the 20900.

Max pain for BANKNIFTY has increased to 47100.

Max pain for USDINR is same at the 83.38.

Can look for Long PUT/Short CALL on the rally.

At our short-term levels, directional trades can be tried.

Last Trading Day's Highlights for us (algo trading):

Algo trading: Under control.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop:

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade weekly options.