Indian Market Outlook: April 22, 2022

NIFTY is likely to open negative.

NIFTY short-term support is between 17110-17160 and resistance is between 17480-17530.

BANKNIFTY short-term support is between 36250-36350 and resistance is between 37140-37240.

Max pain for NIFTY has increased to 17400.

Max pain for BANKNIFTY has increased to 36700.

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: Closed in GREEN.

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-an-earnings-based-non-directional-options-strategy-in-icici-bank-2-8392031.html