Indian Market Outlook: July 25, 2022


NIFTY is likely to open neutral.

NIFTY short-term support is between 16520-16570 and resistance is between 16720-16770.


BANKNIFTY short-term support is between 35490-35590 and resistance is between 36620-36720.


Max pain for NIFTY has increased to 16600.

Max pain for BANKNIFTY has increased to 36500.

Max pain for USDINR has decreased to 79.50.


Can look for Long CALL/Short PUT on the drop.

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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