NIFTY is likely to open neutral.
NIFTY short-term support is between 181400-18450 and resistance is between 18700-18750.
BANKNIFTY short-term support is between 43700-43800 and resistance is between 44600-44700.
Max pain for NIFTY has increased to 18550.
Max pain for BANKNIFTY has increased to 44200.
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:
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
Trade setup:
https://www.moneycontrol.com/news/business/markets/options-trade-an-earning-based-non-directional-options-strategy-in-apollo-hospitals-2-10691811.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.
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