Indian Market Outlook: December 06, 2021

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17050-17100 and resistance is between 17510-17560.

BANKNIFTY short term support is between 35780-35880 and resistance is between 36850-36950.

Max pain for NIFTY is same at 17300.

Max pain for BANKNIFTY has decreased to 36400.

Max pain for USDINR is same 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.

Upcoming Events:

Workshop (Mumbai):


Trade setup:

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