Indian Market Outlook: April 11, 2022

 

NIFTY is likely to open negative.

NIFTY short-term support is between 17600-17650 and resistance is between 17920-17970.

BANKNIFTY short-term support is between 37380-37480 and resistance is between 38090-38190.

Max pain for NIFTY has increased to 17800.

Max pain for BANKNIFTY has increased to 37600.

Max pain for USDINR has increased to 76.00.

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/currency-options-a-low-risk-options-strategy-in-currency-pair-usdinr-6-8341671.html

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-tcs-5-8341681.html