Indian Market Outlook: July 27, 2022

NIFTY is likely to open neutral.

NIFTY short-term support is between 16320-16370 and resistance is between 16650-16700.

BANKNIFTY short-term support is between 36000-36100 and resistance is between 36820-36920.

Max pain for NIFTY is same at the 16500.

Max pain for BANKNIFTY is same at the 36500.

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.

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/options-trade-an-earnings-based-non-directional-options-strategy-in-bajaj-finance-4-8895301.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.