Indian Market Outlook: June 13, 2022

 

NIFTY is likely to open negative.

NIFTY short-term support is between 15770-15820 and resistance is between 16170-16220.


BANKNIFTY short-term support is between 33630-33730 and resistance is between 34430-34530.


Max pain for NIFTY has decreased to 16300.

Max pain for BANKNIFTY has decreased to 34600.

Max pain for USDINR is same at the 77.75.


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.


Upcoming Events:

Workshop:


Prerequisite: 


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Trade setup:




Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.



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