Indian Market Outlook: September 27, 2022

 

NIFTY is likely to open positive.

NIFTY short-term support is between 16920-16970 and resistance is between 17300-17350.


BANKNIFTY short-term support is between 38300-38400 and resistance is between 39500-39600.


Max pain for NIFTY has decreased to 17200.

Max pain for BANKNIFTY has decreased to 39100.

Max pain for USDINR has increased to 80.50.


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.






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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