Indian Market Outlook: April 20, 2022

NIFTY is likely to open positive.

NIFTY short-term support is between 16800-16850 and resistance is between 17230-17280.

BANKNIFTY short-term support is between 35900-36000 and resistance is between 37040-37140.

Max pain for NIFTY has decreased to 17100.

Max pain for BANKNIFTY has decreased to 36600.

Max pain for USDINR is same at the 76.25.

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.

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Trade setup:

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