Indian Market Outlook: December 17, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 17120-17170 and resistance is between 17410-17460.


BANKNIFTY short term support is between 36050-36150 and resistance is between 37500-37600.


Max pain for NIFTY is same at 17300.

Max pain for BANKNIFTY has decreased to 36700.

Max pain for USDINR is same at 76.00


Can look for Long PUT/Short CALL on rally.



Last Trading Day's Highlights for us:

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



Upcoming Events:

Live Trading Session (Online):


Prerequisite: 


More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-bhel-2-7834661.html



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