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.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop:

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/currency-options-a-low-risk-and-high-probability-options-strategy-in-currency-pair-usd-inr-11-8879021.html

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-tata-steel-4-8879031.html

Disclosure:

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

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.