Indian Market Outlook: May 14, 2024

NIFTY is likely to open positive.

NIFTY short-term support is between 21950-22000 and resistance is between 22250-22300.

BANKNIFTY short-term support is between 47200-47300 and resistance is between 48200-48300.

Max pain for NIFTY is same at the 22100.

Max pain for BANKNIFTY is same at the 47800.

Max pain for USDINR is same at the 0.00.

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):

Algo trading: Under control.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop:

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earning-based-non-directional-options-strategy-in-bharti-airtel-2-12721323.html

Disclosure:

Portfolio: CHOLAFIN, CONCOR, HCLTECH,  HDFCBANK, ICICIBANK, LIQUIDBEES, NIFTYBEES, SBIN, etc.

Current stock option trades open: None

We regularly trade weekly options.

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