Indian Market Outlook: June 24, 2022

 

NIFTY is likely to open positive.

NIFTY short-term support is between 15330-15380 and resistance is between 15670-15720.

BANKNIFTY short-term support is between 32640-32740 and resistance is between 33640-33740.

Max pain for NIFTY has increased to 15700.

Max pain for BANKNIFTY has increased to 33300.

Max pain for USDINR is same at the 78.25.

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 RED

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-reliance-industries-4-8730621.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.