Indian Market Outlook: June 21, 2022

 

NIFTY is likely to open positive.

NIFTY short-term support is between 15210-15160 and resistance is between 15570-15620.

BANKNIFTY short-term support is between 32160-32260 and resistance is between 33120-33220.

Max pain for NIFTY is same at the 15400.

Max pain for BANKNIFTY has decreased to 32700.

Max pain for USDINR is same at the 78.00.

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 (Chennai):

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-hdfc-bank-3-8713991.html

Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.