Indian Market Outlook: April 05, 2022

NIFTY is likely to open positive.

NIFTY short-term support is between 17880-17930 and resistance is between 18200-18250.

BANKNIFTY short-term support is between 38060-38160 and resistance is between 39000-39100.

Max pain for NIFTY has increased to 17850.

Max pain for BANKNIFTY has increased to 38000.

Max pain for USDINR has decreased to 75.75.

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.

More info:

Trade setup:

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