Indian Market Outlook: January 25, 2023

NIFTY is likely to open negative.

NIFTY short-term support is between 17930-17980 and resistance is between 18220-18270.

BANKNIFTY short-term support is between 42200-42300 and resistance is between 43120-43220.

Max pain for NIFTY is same at the 18100.

Max pain for BANKNIFTY has decreased to 42700.

Max pain for USDINR is same at the 81.50.

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):

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-an-earnings-based-non-directional-options-strategy-in-bajaj-finance-6-9931301.html

Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.