Indian Market Outlook: July 04, 2022

 

NIFTY is likely to open negative.

NIFTY short-term support is between 15580-15630 and resistance is between 15870-15920.

BANKNIFTY short-term support is between 32950-33050 and resistance is between 33700-33800.

Max pain for NIFTY has decreased to 15700.

Max pain for BANKNIFTY is same at the 33500.

Max pain for USDINR has increased to 79.00.

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/currency-options-a-low-risk-and-high-probability-options-strategy-in-currency-pair-usd-inr-10-8774161.html

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-icici-bank-5-8774171.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.