Indian Market Outlook: November 14, 2022

 


NIFTY is likely to open negatively.

NIFTY short-term support is between 18050-18100 and resistance is between 18420-18470.

BANKNIFTY short-term support is between 41530-41630 and resistance is between 42400-42500.


Max pain for NIFTY has increased to 18300.

Max pain for BANKNIFTY has increased to 42000.

Max pain for USDINR has decreased to 81.00.


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.










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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