Indian Market Outlook: April 04, 2024

NIFTY is likely to open positive.

NIFTY short-term support is between 22350-22400 and resistance is between 22600-22650.

BANKNIFTY short-term support is between 47300-47400 and resistance is between 47900-48000.

Max pain for NIFTY is same at the 22400.

Max pain for BANKNIFTY has increased to 47600.

Max pain for USDINR is same at the 83.25.

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):

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/markets/options-trade-a-non-directional-options-strategy-setup-in-hcl-technologies-12571391.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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