Indian Market Outlook: March 29, 2022

 

NIFTY is likely to open positive.

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

BANKNIFTY short term support is between 35140-35240 and resistance is between 36090-36190.

Max pain for NIFTY is the same at 17200.

Max pain for BANKNIFTY has increased to 35600.

Max pain for USDINR is the same at 76.00.

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.

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-tcs-4-8288121.html