Indian Market Outlook: January 25, 2022



NIFTY is likely to open negative.


NIFTY short term support is between 16590-16640 and resistance is between 17240-17290.

BANKNIFTY short term support is between 35400-35500 and resistance is between 37050-37150.


Max pain for NIFTY has decreased to 17400.

Max pain for BANKNIFTY has decreased to 37200.

Max pain for USDINR is same at 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: Closed in minor loss.




Upcoming Events:

Workshop (Mumbai):


Prerequisite: 




More info:
https://www.pasitechnologies.com/p/trainer.html



Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-cipla-7978641.html


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