Indian Market Outlook: May 12, 2023


NIFTY is likely to open negative.

NIFTY short-term support is between 18100-18150 and resistance is between 18400-18450.


BANKNIFTY short-term support is between 42800-42900 and resistance is between 43800-43900.


Max pain for NIFTY has increased to 18300.

Max pain for BANKNIFTY has increased to 43500.

Max pain for USDINR is same at the 82.00.


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.




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.


No comments:

Post a Comment

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

Pages