Indian Market Outlook: February 15, 2023

 

NIFTY is likely to open negative.

NIFTY short-term support is between 17750-17800 and resistance is between 18000-18050.

BANKNIFTY short-term support is between 41000-41100 and resistance is between 42020-42120.


Max pain for NIFTY has increased to 17900.

Max pain for BANKNIFTY has increased to 41500.

Max pain for USDINR has increased to 82.75.


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: 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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