Indian Market Outlook: April 18, 2022

 

NIFTY is likely to open negative.

NIFTY short-term support is between 17230-17280 and resistance is between 17550-17600.

BANKNIFTY short-term support is between 36700-36800 and resistance is between 37740-37840.

Max pain for NIFTY has decreased to 17550.

Max pain for BANKNIFTY has decreased to 37500.

Max pain for USDINR has increased to 76.25.

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: Closed in GREEN.

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-non-directional-options-strategy-in-usdinr-3-8371081.html

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-nifty-5-8371091.html