Indian Market Outlook: April 19, 2022


NIFTY is likely to open neutral.

NIFTY short-term support is between 17070-17120 and resistance is between 17460-17510.

BANKNIFTY short-term support is between 36420-36520 and resistance is between 37380-37480.

Max pain for NIFTY has decreased to 17200.

Max pain for BANKNIFTY has decreased to 37000.

Max pain for USDINR is same at the 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: Under control.

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Trade setup:

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