Indian Market Outlook: March 24, 2022

NIFTY is likely to open negative.

NIFTY short term support is between 16990-17040 and resistance is between 17440-17490.

BANKNIFTY short term support is between 35380-35480 and resistance is between 36750-36850.

Max pain for NIFTY is same at 17300.

Max pain for BANKNIFTY has increased to 36200.

Max pain for USDINR is same at 76.25.

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-a-non-directional-options-strategy-in-kotak-mahindra-bank-3-8267151.html