Indian Market Outlook: December 20, 2021

NIFTY is likely to open negative (Gap down).

It is likely to remain between our short term levels.

NIFTY short term support is between 16800-16850 and resistance is between 17080-17130.

BANKNIFTY short term support is between 35250-35350 and resistance is between 35900-36000.

Max pain for NIFTY has decreased to 17100

Max pain for BANKNIFTY has decreased to 36000.

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: No trade.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Live Trading Session (Online):

http://www.pasitechnologies.com/p/trading.html

More info:

1. Moneycontrol Interview: 

https://www.moneycontrol.com/news/business/moneycontrol-research/a-part-time-trader-who-uses-time-and-risk-management-successfully-at-his-job-and-in-the-market-2774651.html

2. Elearnmarkets Face2Face Interview: 

https://www.youtube.com/watch?v=--Ku2hhFL1M

3. Interview: 

https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-for-power-grid-corporation-7841261.html