Indian Market Outlook: April 04, 2022

NIFTY is likely to open negative.

NIFTY short-term support is between 17500-17550 and resistance is between 17700-17750.

BANKNIFTY short-term support is between 36600-36700 and resistance is between 37320-37420.

Max pain for NIFTY has increased to 17500.

Max pain for BANKNIFTY has increased to 36800.

Max pain for USDINR is same at the 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/options-trade-a-non-directional-options-strategy-in-bank-nifty-5-8310201.html

https://www.moneycontrol.com/news/business/markets/currency-options-a-low-risk-options-strategy-in-currency-pair-usdinr-4-8310211.html