Indian Market Outlook: December 12, 2022


NIFTY is likely to open negative.

NIFTY short-term support is between 18350-18400 and resistance is between 18700-18750.


BANKNIFTY short-term support is between 43200-43300 and resistance is between 43800-43900.


Max pain for NIFTY has decreased to 18550.

Max pain for BANKNIFTY is same at the 43500.

Max pain for USDINR is same at the 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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