Indian Market Outlook: March 15, 2024

NIFTY is likely to open negative.

NIFTY short-term support is between 21750-21800 and resistance is between 22300-22350.

BANKNIFTY short-term support is between 46400-46500 and resistance is between 47500-47600.

Max pain for NIFTY has increased to 22200.

Max pain for BANKNIFTY is same at the 47000.

Max pain for USDINR is same at the 82.88.

Last Trading Day's Highlights for us (algo trading):

Algo trading: 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/options-trade-a-non-directional-options-strategy-setup-in-hdfc-bank-12463041.html

 

Disclosure:

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

Current stock option trades open: None

We regularly trade weekly options.

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