Indian Market Outlook: November 22, 2021


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17600-17650 and resistance is between 17950-18000.

BANKNIFTY short term support is between 37600-37700 and resistance is between 38470-38570.

Max pain for NIFTY has decreased to 17850.

Max pain for BANKNIFTY has decreased to 38100.

Max pain for USDINR is same at 74.50.

Can look for Long PUT/Short CALL near resistance levels.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Closed in GREEN.

Upcoming Events:

Workshop (Delhi):


Trade setup:

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