Indian Market Outlook: October 07, 2022

 


NIFTY is likely to open negative.

NIFTY short-term support is between 17100-17150 and resistance is between 17450-17500.


BANKNIFTY short-term support is between 38590-38690 and resistance is between 39800-39900.


Max pain for NIFTY has increased to 17300.

Max pain for BANKNIFTY has increased to 39300.

Max pain for USDINR has increased to 81.75.


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: 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.


 

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages