Indian Market Outlook: December 23, 2024


NIFTY is likely to open positive.

NIFTY short-term support is between 23350-23400 and resistance is between 23850-23900.

BANKNIFTY short-term support is between 50300-50400 and resistance is between 51500-51600.


Max pain for NIFTY has decreased to 24000.

Max pain for BANKNIFTY has decreased to 51800.


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

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




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Disclosure:
Portfolio: BANKBEES, CHOLAFIN, CONCOR, GODLBEES, HCLTECH,  HDFCBANK, ICICIBANK, JUNIORBEES, LIQUIDBEES, NIFTYBEES, POLYMED, SBIN, SILVERBEES, TIMKEN, etc.
Current stock option trades open: None
We regularly trade weekly options.

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