Indian Market Outlook: September 30, 2022

NIFTY is likely to open negative.

NIFTY short-term support is between 16600-16650 and resistance is between 17000-17050.

BANKNIFTY short-term support is between 37000-37100 and resistance is between 38300-38400.

Max pain for NIFTY is the same at the 17000.

Max pain for BANKNIFTY has decreased to 38000.

Max pain for USDINR is same at the 81.75.

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: Closed in RED.

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-maruti-suzuki-5-9253151.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.