Indian Market Outlook: February 13, 2023


NIFTY is likely to open neutral.

NIFTY short-term support is between 17690-17740 and resistance is between 18000-18050.

BANKNIFTY short-term support is between 40800-40900 and resistance is between 42020-42120.


Max pain for NIFTY has decreased to 17850.

Max pain for BANKNIFTY is same at the 41500.

Max pain for USDINR is same at the 82.50.


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.





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.


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages