Indian Market Outlook: April 07, 2022

NIFTY is likely to open negative.

NIFTY short-term support is between 17660-17710 and resistance is between 17920-17970.

BANKNIFTY short-term support is between 37100-37200 and resistance is between 37990-38090.

Max pain for NIFTY has decreased to 17800.

Max pain for BANKNIFTY has decreased to 37600.

Max pain for USDINR is same at the 75.75.

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

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

Last Trading Day's Highlights for us (algo trading):
Weekly BANKNIFTY strategies trades: Under control.

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Trade setup:

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