Indian Market Outlook: January 27, 2023


NIFTY is likely to open positive.

NIFTY short-term support is between 17800-17850 and resistance is between 18100-18150.


BANKNIFTY short-term support is between 41500-41600 and resistance is between 42700-42800.


Max pain for NIFTY has decreased to 18000.

Max pain for BANKNIFTY has decreased to 42000.

Max pain for USDINR is same at the 81.50.


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: Ended week in a big RED.


Upcoming Events:

Workshop:


Prerequisite: 


More info:

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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