Indian Market Outlook: December 13, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 18350-18400 and resistance is between 18700-18750.


BANKNIFTY short-term support is between 43300-43400 and resistance is between 43800-43900.


Max pain for NIFTY has decreased to 18500.

Max pain for BANKNIFTY has increased to 43600.

Max pain for USDINR is same at the 82.25.


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.






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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