Indian Market Outlook: June 28, 2022


NIFTY is likely to open negative.

NIFTY short-term support is between 15670-15720 and resistance is between 15920-15970.


BANKNIFTY short-term support is between 33500-33600 and resistance is between 34120-34220.


Max pain for NIFTY has increased to 15850.

Max pain for BANKNIFTY has increased to 33800.

Max pain for USDINR is same at the 78.00.


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: 




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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