Indian Market Outlook: August 16, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 17590-17640 and resistance is between 17810-17860.


BANKNIFTY short-term support is between 38730-38830 and resistance is between 39320-39420.


Max pain for NIFTY is same at the 17650.

Max pain for BANKNIFTY has increased to 39000.

Max pain for USDINR is same at the 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.



No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages