Indian Market Outlook: April 28, 2023


NIFTY is likely to open neutral.

NIFTY short-term support is between 17700-17750 and resistance is between 18100-18150.


BANKNIFTY short-term support is between 42400-42500 and resistance is between 43500-43600.


Max pain for NIFTY has increased to 17800.

Max pain for BANKNIFTY has increased to 42900.

Max pain for USDINR is same at the 81.75.


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: Closed in GREEN.



Upcoming Events:

Workshop:


Prerequisite: 


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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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