Indian Market Outlook: March 09, 2022

 

NIFTY is likely to open neutral.

NIFTY short term support is between 15650-15700 and resistance is between 16210-16260.

BANKNIFTY short term support is between 32470-32570 and resistance is between 33500-33600.

Max pain for NIFTY is same at 16000.

Max pain for BANKNIFTY has decreased to 33000.

Max pain for USDINR is same at 76.50.

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-a-non-directional-options-strategy-in-apollo-hospitals-enterprise-3-8209481.html