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(02-05-2025) LEARNING

  • Writer: AlphaIndex Solutions
    AlphaIndex Solutions
  • May 1
  • 1 min read

INDEX OPTIONS
INDEX OPTIONS

NIFTY (24,334)

  • Trend: Positive

  • Action: Hold long positions with stoploss at 24,049 on a daily closing basis. Fresh short positions can be initiated if NIFTY closes below 24,049 levels.

  • Support: 24,223 | 24,112 | 24,026

  • Resistance: 24,421 | 24,507 | 24,618


BANKNIFTY (55,087)

  • Trend: Negative

  • Action: Hold short positions with stoploss at 55,686 on a daily closing basis. Fresh long positions can be initiated if BANKNIFTY closes above 55,686 levels.

  • Support: 54,714 | 54,342 | 53,960

  • Resistance: 55,469 | 55,851 | 56,224


(02-05-2025)

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