Indian Market Outlook: September 20, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 17520-17570 and resistance is between 17780-17830.


BANKNIFTY short-term support is between 40590-40690 and resistance is between 41460-41560.


Max pain for NIFTY has decreased to 17600.

Max pain for BANKNIFTY has increased to 41000.

Max pain for USDINR is same at the 79.75.


Can look for Long CALL/Short PUT 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.







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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