Indian Market Outlook: May 05, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 16550-16600 and resistance is between 16930-16980.


BANKNIFTY short-term support is between 35000-35100 and resistance is between 36060-36160.


Max pain for NIFTY has decreased to 16900.

Max pain for BANKNIFTY has decreased to 35600.

Max pain for USDINR is same at the 76.50.


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

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.



Upcoming Events:

Workshop:
http://www.pasitechnologies.com/p/trading.html


Prerequisite: 









No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages