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


Upcoming Events:

Workshop (Bengaluru):
http://www.pasitechnologies.com/p/trading.html


Prerequisite: 
http://www.pasitechnologies.com/p/prerequisite.html


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-icici-bank-2-7891671.html


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages