Indian Market Outlook: December 30, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 17900-17950 and resistance is between 18430-18480.


BANKNIFTY short-term support is between 42050-42150 and resistance is between 43840-43940.


Max pain for NIFTY has increased to 18150.

Max pain for BANKNIFTY has increased to 43000.

Max pain for USDINR is same at the 82.75.


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 week with a small profit.




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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