Indian Market Outlook: April 10, 2023

 

NIFTY is likely to open positive.

NIFTY short-term support is between 17450-17500 and resistance is between 17730-17780.

BANKNIFTY short-term support is between 40600-40700 and resistance is between 41400-41500.


Max pain for NIFTY has increased to 17600.

Max pain for BANKNIFTY is same at the 41000.

Max pain for USDINR has decreased to 82.00.


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.


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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