Indian Market Outlook: March 01, 2024

NIFTY is likely to open positive.

NIFTY short-term support is between 21900-21950 and resistance is between 22250-22300.

BANKNIFTY short-term support is between 45800-45900 and resistance is between 47000-47100.

Max pain for NIFTY is same at the 22000.

Max pain for BANKNIFTY has increased to 46300.

Max pain for USDINR is same at the 83.00.

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):

Algo trading: 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-a-non-directional-options-strategy-setup-in-reliance-industries-12380531.html

Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade weekly options.

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