Indian Market Outlook: April 25, 2022

 

NIFTY is likely to open negative.


NIFTY short-term support is between 16820-16870 and resistance is between 17140-17190.

BANKNIFTY short-term support is between 35170-35270 and resistance is between 35980-36080.


Max pain for NIFTY has decreased to 17300.

Max pain for BANKNIFTY has decreased to 36400.

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.








Trade setup:

https://www.moneycontrol.com/news/business/markets/currency-options-a-low-risk-options-strategy-in-currency-pair-usdinr-7-8403831.html


https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-bajaj-finance-3-8403841.html




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