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.

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