Indian Market Outlook: July 14, 2022

 

NIFTY is likely to open neutral.

NIFTY short-term support is between 15850-15900 and resistance is between 16110-16160.


BANKNIFTY short-term support is between 34500-34600 and resistance is between 35230-35330.


Max pain for NIFTY has decreased to 16000.

Max pain for BANKNIFTY has decreased to 35000.

Max pain for USDINR is same at the 79.50.


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.





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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