Indian Market Outlook: January 18, 2022


NIFTY is likely to open neutral.

NIFTY short term support is between 18120-18170 and resistance is between 18370-18420.

BANKNIFTY short term support is between 37900-38000 and resistance is between 38660-38760.

Max pain for NIFTY has increased to 18250.

Max pain for BANKNIFTY is same at 38300.

Max pain for USDINR has increased to 74.25.

Can look for Long PUT/Short CALL on a rally.

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.

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