Indian Market Outlook: June 22, 2022

 

NIFTY is likely to open negative.

NIFTY short-term support is between 15420-15470 and resistance is between 15820-15870.

BANKNIFTY short-term support is between 32790-32890 and resistance is between 33660-33760.

Max pain for NIFTY has increased to 15600.

Max pain for BANKNIFTY has increased to 33200.

Max pain for USDINR is same at the 78.00.

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.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop:

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

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-nifty-7-8719891.html

Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.