Indian Market Outlook: March 30, 2022

 

NIFTY is likely to open positive.

NIFTY short term support is between 17170-17220 and resistance is between 17580-17630.

BANKNIFTY short term support is between 35460-35560 and resistance is between 36300-36400.

Max pain for NIFTY has increased to 17250.

Max pain for BANKNIFTY has increased to 35800.

Max pain for USDINR has increased to 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-coal-india-2-8292981.html