Indian Market Outlook: April 19, 2022

 

NIFTY is likely to open neutral.

NIFTY short-term support is between 17070-17120 and resistance is between 17460-17510.

BANKNIFTY short-term support is between 36420-36520 and resistance is between 37380-37480.

Max pain for NIFTY has decreased to 17200.

Max pain for BANKNIFTY has decreased to 37000.

Max pain for USDINR is same at the 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: 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-an-earnings-based-non-directional-options-strategy-in-acc-8376261.html