Indian Market Outlook: December 15, 2022

NIFTY is likely to open negative.

NIFTY short-term support is between 18400-18450 and resistance is between 18750-18800.

BANKNIFTY short-term support is between 43500-43600 and resistance is between 44200-44300.

Max pain for NIFTY is same at the 18600.

Max pain for BANKNIFTY has increased to 44000.

Max pain for USDINR has decreased to 82.25.

Can look for Long CALL/Short PUT on the drop.

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:

https://www.moneycontrol.com/news/business/markets/currency-options-a-low-risk-high-probability-options-strategy-in-currency-pair-usd-inr-5-9706841.html

https://www.moneycontrol.com/news/business/options-trade-a-non-directional-options-strategy-in-muthoot-finance-3-9703941.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.