Indian Market Outlook: May 18, 2022

 

NIFTY is likely to open neutral.

NIFTY short-term support is between 16050-16100 and resistance is between 16450-16500.


BANKNIFTY short-term support is between 33800-33900 and resistance is between 34800-34900.


Max pain for NIFTY has increased to 16150.

Max pain for BANKNIFTY has increased to 34000.

Max pain for USDINR is same at the 77.50.


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.



Upcoming Events:

Workshop:


Prerequisite: 




Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-nifty-6-8526731.html




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