Indian Market Outlook: March 15, 2022

NIFTY is likely to open negative.

NIFTY short term support is between 16630-16680 and resistance is between 17010-17060.

BANKNIFTY short term support is between 34750-34850 and resistance is between 35720-35820.

Max pain for NIFTY has increased to 16700.

Max pain for BANKNIFTY has increased to 35000.

Max pain for USDINR is the same at 76.50.

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.

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-a-low-risk-options-strategy-in-tcs-8232391.html

https://www.moneycontrol.com/news/business/markets/currency-options-a-low-risk-options-strategy-in-currency-pair-usdinr-8232381.html