Indian Market Outlook: September 14, 2022


NIFTY is likely to open negative.

NIFTY short-term support is between 17690-17740 and resistance is between 18080-18130.


BANKNIFTY short-term support is between 40140-40240 and resistance is between 40840-40940.


Max pain for NIFTY has increased to 18000.

Max pain for BANKNIFTY has increased to 40700.

Max pain for USDINR has decreased to 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: Under control.





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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