Indian Market Outlook: April 05, 2022

NIFTY is likely to open positive.

NIFTY short-term support is between 17880-17930 and resistance is between 18200-18250.

BANKNIFTY short-term support is between 38060-38160 and resistance is between 39000-39100.

Max pain for NIFTY has increased to 17850.

Max pain for BANKNIFTY has increased to 38000.

Max pain for USDINR has decreased to 75.75.

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: 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-bajaj-auto-3-8317371.html