Indian Market Outlook: January 19, 2022


NIFTY is likely to open negative.

NIFTY short term support is between 18000-18050 and resistance is between 18270-18320.

BANKNIFTY short term support is between 37900-38000 and resistance is between 38760-38860.

Max pain for NIFTY has decreased to 18200.

Max pain for BANKNIFTY has increased to 38400.

Max pain for USDINR has increased to 74.50.

Can look for Long PUT/Short CALL on 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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