Indian Market Outlook: December 02, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 16900-16950 and resistance is between 17340-17390.

BANKNIFTY short term support is between 35400-35500 and resistance is between 36850-36950.

Max pain for NIFTY has increased to 17150.

Max pain for BANKNIFTY has increased to 36300.

Max pain for USDINR is at 75.00.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Under control.

Trade setup:

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