Indian Market Outlook: July 01, 2022

NIFTY is likely to open negative.

NIFTY short-term support is between 15620-15670 and resistance is between 15870-15920.

BANKNIFTY short-term support is between 32950-33050 and resistance is between 33700-33800.

Max pain for NIFTY is same at the 15800.

Max pain for BANKNIFTY has increased to 33500.

Max pain for USDINR is same at the 78.75.

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/options-trade-a-non-directional-options-strategy-in-mahindra-mahindra-8764101.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.