Indian Market Outlook: January 03, 2022


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17200-17250 and resistance is between 17420-17470.

BANKNIFTY short term support is between 35030-35130 and resistance is between 35720-35820.

Max pain for NIFTY has increased to 17300.

Max pain for BANKNIFTY has increased to 35500.

Max pain for USDINR has decreased to 74.50.

Can look for Long CALL/Short PUT on drop.

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

Weekly BANKNIFTY strategies trades: No trades.

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

Trade setup:

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