Indian Market Outlook: October 10, 2022


NIFTY is likely to open negative.

NIFTY short-term support is between 17000-17050 and resistance is between 17300-17500.


BANKNIFTY short-term support is between 38350-38450 and resistance is between 39180-39280.


Max pain for NIFTY is same at the 17300.

Max pain for BANKNIFTY has decreased to 39000.

Max pain for USDINR has increased to 82.25.


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: Under control.


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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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