Indian Market Outlook: December 30, 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 17260-17310.

BANKNIFTY short term support is between 34700-34800 and resistance is between 35620-35720.

Max pain for NIFTY is same at 17200.

Max pain for BANKNIFTY has decreased to 35100.

Max pain for USDINR has decreased to 74.75.

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us (algo trading):

Weekly BANKNIFTY strategies trades: Under control.

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