Indian Market Outlook: July 22, 2022

 

NIFTY is likely to open positive.

NIFTY short-term support is between 16480-16530 and resistance is between 16700-16750.


BANKNIFTY short-term support is between 35490-35590 and resistance is between 36620-36720.


Max pain for NIFTY is same at the 16500.

Max pain for BANKNIFTY has increased to 36000.

Max pain for USDINR has decreased to 79.75.


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:

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Disclosure:

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

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.




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