Indian Market Outlook: July 18, 2022

 

NIFTY is likely to open positive.

NIFTY short-term support is between 15920-15970 and resistance is between 16210-16260.

BANKNIFTY short-term support is between 34500-34600 and resistance is between 35330-35430.

Max pain for NIFTY is same at the 16000.

Max pain for BANKNIFTY is same at the 34700.

Max pain for USDINR is same at the 79.75.

Can look for Long CALL/Short PUT on the drop.

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-lt-finance-holdings-2-8836071.html

https://www.moneycontrol.com/news/business/markets/currency-options-a-high-probability-options-strategy-in-currency-pair-usd-inr-2-8836061.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.