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(12-05-2025) LEARNING

  • Writer: AlphaIndex Solutions
    AlphaIndex Solutions
  • May 11
  • 1 min read

INDEX OPTIONS
INDEX OPTIONS

NIFTY (24,008)

  • Trend: Negative

  • Action: You can go short in NIFTY with stoploss at 24,338 on a daily closing basis. NIFTY would be considered bearish till it trades below 24,338 levels.

  • Support: 23,908 | 23,808 | 23,679

  • Resistance: 24,136 | 24,265 | 24,365


BANKNIFTY (53,595)

  • Trend: Negative

  • Action: Hold short positions with stoploss at 54,603 on a daily closing basis. Fresh long positions can be initiated if BANKNIFTY closes above 54,603 levels.

  • Support: 53,367 | 53,139 | 52,796

  • Resistance: 53,939 | 54,283 | 54,511


(12-05-2025)

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