Indian Market Outlook: April 29, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 17010-17060 and resistance is between 17370-17420.


BANKNIFTY short-term support is between 35880-35980 and resistance is between 36840-36940.


Max pain for NIFTY has increased to 17200.

Max pain for BANKNIFTY has increased to 36400.

Max pain for USDINR is same at the 76.50.


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

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.



Upcoming Events:

Workshop:


Prerequisite: 



More info:



Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-wipro-4-8427631.html






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