Indian Market Outlook: May 13, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 15730-15780 and resistance is between 16180-16230.

BANKNIFTY short-term support is between 33290-33390 and resistance is between 34800-34900.

Max pain for NIFTY has decreased to 15900.

Max pain for BANKNIFTY has decreased to 33700.

Max pain for USDINR is same at the 77.25.

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 RED.

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Trade setup:

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