Indian Market Outlook: April 13, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 17380-17430 and resistance is between 17650-17700.

BANKNIFTY short-term support is between 37120-37220 and resistance is between 38000-38100.

Max pain for NIFTY has decreased to 17600.

Max pain for BANKNIFTY is same at the 37700.

Max pain for USDINR is same at the 76.00.

Can look for Long PUT/Short CALL on the rally.

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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