Indian Market Outlook: March 31, 2022

NIFTY is likely to open positive.

NIFTY short term support is between 17290-17340 and resistance is between 17580-17630.

BANKNIFTY short term support is between 35820-35920 and resistance is between 36460-36560.

Max pain for NIFTY has increased to 17400.

Max pain for BANKNIFTY has increased to 36200.

Max pain for USDINR has decreased to 76.00.

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):

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/currency-options-a-low-risk-options-strategy-in-currency-pair-usdinr-3-8298051.html