Indian Market Outlook: September 19, 2022

 

NIFTY is likely to open neutral.

NIFTY short-term support is between 17390-17440 and resistance is between 17690-17740.


BANKNIFTY short-term support is between 40260-40360 and resistance is between 41060-41160.


Max pain for NIFTY has decreased to 17650.

Max pain for BANKNIFTY has decreased to 40900.

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:




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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