Indian Market Outlook: December 31, 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 17280-17330.


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 35000.

Max pain for USDINR is same at 74.75.


Can look for Long PUT/Short CALL on rally.




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

Weekly BANKNIFTY strategies trades: Closed in GREEN.






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-apollo-hospitals-enterprise-2-7884321.html


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