Indian Market Outlook: January 13, 2022

 

NIFTY is likely to open positive.

NIFTY short term support is between 18120-18170 and resistance is between 18360-18410.

BANKNIFTY short term support is between 38430-38530 and resistance is between 39090-39190.

Max pain for NIFTY has increased to 18150.

Max pain for BANKNIFTY has increased to 38500.

Max pain for USDINR has decreased to 74.00.

Can look for Long CALL/Short PUT on 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.

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

Upcoming Events:

Workshop (Bengaluru):

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-earnings-based-non-directional-options-strategy-in-hcl-technologies-2-7930211.html