Indian Market Outlook: April 26, 2022

NIFTY is likely to open positive.

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

BANKNIFTY short-term support is between 35490-35590 and resistance is between 36530-36630.

Max pain for NIFTY has decreased to 17100.

Max pain for BANKNIFTY has decreased to 36200.

Max pain for USDINR has increased to 76.50.

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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