Indian Market Outlook: March 18, 2024


NIFTY is likely to open neutral.

NIFTY short-term support is between 21750-21800 and resistance is between 22300-22350.

BANKNIFTY short-term support is between 46100-46200 and resistance is between 47200-47300.


Max pain for NIFTY has decreased to 22050.

Max pain for BANKNIFTY has decreased to 46700.

Max pain for USDINR is same at the 82.88.


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




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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 weekly options.






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