Indian Market Outlook: April 28, 2022

 

NIFTY is likely to open neutral.

NIFTY short-term support is between 16910-16960 and resistance is between 17200-17250.

BANKNIFTY short-term support is between 35730-35830 and resistance is between 36430-36530.

Max pain for NIFTY has decreased to 17100.

Max pain for BANKNIFTY has decreased to 36000.

Max pain for USDINR is same at the 76.50.

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.

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/currency-options-a-low-risk-options-strategy-in-currency-pair-usdinr-8-8421321.html

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-ambuja-cements-2-8421301.html