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(23-05-2025) LEARNING

  • Writer: AlphaIndex Solutions
    AlphaIndex Solutions
  • May 22
  • 1 min read

Updated: May 27


INDEX OPTIONS
INDEX OPTIONS

NIFTY (24,610)

  • Trend: Negative

  • Action: You can go short in NIFTY with stoploss at 24,927 on a daily closing basis. NIFTY would be considered bearish till it trades below 24,927 levels.

  • Support: 24,469 | 24,328 | 24,194

  • Resistance: 24,744 | 24,878 | 25,019


BANKNIFTY (54,941)

  • Trend: Positive

  • Action: Hold long positions with stoploss at 54,710 on a daily closing basis. Fresh short positions can be initiated if BANKNIFTY closes below 54,710 levels.

  • Support: 54,680 | 54,419 | 54,260

  • Resistance: 55,099 | 55,258 | 55,519


(23-05-2025)


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