Indian Market Outlook: June 16, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 15600-15660 and resistance is between 15900-15950.


BANKNIFTY short-term support is between 32950-33050 and resistance is between 33900-34000.


Max pain for NIFTY is same at the 15800.

Max pain for BANKNIFTY is same at the 33500.

Max pain for USDINR is same at the 78.00.


Most likely to stay in short-range today, plan accordingly. 

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:







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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