Indian Market Outlook: September 07, 2022

 

NIFTY is likely to open negative.

NIFTY short-term support is between 17400-17450 and resistance is between 17670-17720.

BANKNIFTY short-term support is between 38960-39060 and resistance is between 40400-40500.

Max pain for NIFTY has increased to 17650.

Max pain for BANKNIFTY is same at the 39700.

Max pain for USDINR is same at the 79.75.

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-a-non-directional-options-strategy-in-hdfc-bank-4-9140731.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.