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.

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