Indian Market Outlook: July 27, 2023


NIFTY is likely to open positive.

NIFTY short-term support is between 19550-19600 and resistance is between 19950-20000.


BANKNIFTY short-term support is between 45400-45500 and resistance is between 46400-46500.


Max pain for NIFTY has increased to 19750.

Max pain for BANKNIFTY has increased to 46000.

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:


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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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