Indian Market Outlook: September 12, 2022

 

NIFTY is likely to open positive.

NIFTY short-term support is between 17690-17740 and resistance is between 17950-18000.


BANKNIFTY short-term support is between 39870-39970 and resistance is between 40840-40940.


Max pain for NIFTY has increased to 17800.

Max pain for BANKNIFTY has increased to 40400.

Max pain for USDINR is same at the 79.75.


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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