Indian Market Outlook: April 18, 2022


NIFTY is likely to open negative.

NIFTY short-term support is between 17230-17280 and resistance is between 17550-17600.

BANKNIFTY short-term support is between 36700-36800 and resistance is between 37740-37840.

Max pain for NIFTY has decreased to 17550.

Max pain for BANKNIFTY has decreased to 37500.

Max pain for USDINR has increased to 76.25.

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: Closed in GREEN.

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Trade setup:

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