Indian Market Outlook: July 26, 2024

NIFTY is likely to open negative.

NIFTY short-term support is between 24100-24150 and resistance is between 24550-24600.

BANKNIFTY short-term support is between 50400-50500 and resistance is between 51700-51800.

Max pain for NIFTY is same at the 24400.

Max pain for BANKNIFTY has decreased to 51000.

Max pain for USDINR is same at the 0.00.

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:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earning-based-non-directional-options-strategy-in-indusind-bank-3-12778715.html

Disclosure:

Portfolio: CHOLAFIN, CONCOR, HCLTECH,  HDFCBANK, ICICIBANK, LIQUIDBEES, NIFTYBEES, POLYMED, SBIN, TIMKEN, etc.

Current stock option trades open: None

We regularly trade weekly options.

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