Indian Market Outlook: May 27, 2022

NIFTY is likely to open positive.

NIFTY short-term support is between 16050-16100 and resistance is between 16370-16420.

BANKNIFTY short-term support is between 34730-34830 and resistance is between 35610-35710.

Max pain for NIFTY has increased to 16150.

Max pain for BANKNIFTY has increased to 35000.

Max pain for USDINR is same at the 77.50.

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: Closed in GREEN.

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-an-earnings-based-non-directional-options-strategy-in-jsw-steel-4-8586531.html

Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, ICICI BANK, ITC, AXIS BANK, YESBANK, etc.

Current stock option trades open: HDFC, ICICIBANK and TVS MOTORS 

We regularly trade BANKNIFTY weekly option.