Indian Market Outlook: August 12, 2022

 

NIFTY is likely to open neutral.

NIFTY short-term support is between 17500-17550 and resistance is between 17750-17800.


BANKNIFTY short-term support is between 38250-38350 and resistance is between 38950-39050.


Max pain for NIFTY has increased to 17650.

Max pain for BANKNIFTY has increased to 38800.

Max pain for USDINR is same at the 79.50.


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: Closed in GREEN..


Upcoming Events:

Workshop:


Prerequisite: 


More info:



Trade setup:


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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