Indian Market Outlook: January 11, 2022

NIFTY is likely to open neutral.

NIFTY short term support is between 17700-17750 and resistance is between 18050-18100.

BANKNIFTY short term support is between 37620-37720 and resistance is between 38660-38760.

Max pain for NIFTY has increased to 17900.

Max pain for BANKNIFTY has increased to 38000.

Max pain for USDINR has decreased to 74.25.

Can look for Long CALL/Short PUT on drop.

At our short term levels, directional trades can be tried.

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

Weekly BANKNIFTY strategies trades: Under control.

More info:

Trade setup:

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