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.

More info:

Trade setup:

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