Indian Market Outlook: March 19, 2024

NIFTY is likely to open negative.

NIFTY short-term support is between 21750-21800 and resistance is between 22300-22350.

BANKNIFTY short-term support is between 46000-46100 and resistance is between 47000-47100.

Max pain for NIFTY is same at the 22050.

Max pain for BANKNIFTY has decreased to 46600.

Max pain for USDINR is same at the 82.88.

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):

Algo trading: 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-a-non-directional-options-strategy-setup-in-bharat-electronics-12483591.html

Disclosure:

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

Current stock option trades open: None

We regularly trade weekly options.

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