Indian Market Outlook: September 16, 2022


NIFTY is likely to open negative.

NIFTY short-term support is between 17690-17740 and resistance is between 18050-18100.


BANKNIFTY short-term support is between 40700-40800 and resistance is between 41500-41600.


Max pain for NIFTY has decreased to 17900.

Max pain for BANKNIFTY has increased to 41300.

Max pain for USDINR has increased to 79.75.


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: Closed in GREEN.


Upcoming Events:

Workshop:


Prerequisite: 


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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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