Indian Market Outlook: February 27, 2023

NIFTY is likely to open neutral.

NIFTY short-term support is between 17300-17350 and resistance is between 17600-17650.

BANKNIFTY short-term support is between 39300-39400 and resistance is between 40300-40400.

Max pain for NIFTY has decreased to 17550.

Max pain for BANKNIFTY is same at the 40000.

Max pain for USDINR has increased to 82.75.

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:

https://tradersmela.com/

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

Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.