Indian Market Outlook: December 26, 2024

NIFTY is likely to open neutral.

NIFTY short-term support is between 23500-23550 and resistance is between 23850-23900.

BANKNIFTY short-term support is between 50600-50700 and resistance is between 51600-51700.

Max pain for NIFTY has decreased to 23900.

Max pain for BANKNIFTY has increased to 52400.

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

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

Workshop:

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

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

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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.

__PRESENT