Indian Market Outlook: February 02, 2022


NIFTY is likely to open positive.

NIFTY short term support is between 17240-17290 and resistance is between 17790-17840.

BANKNIFTY short term support is between 38020-38120 and resistance is between 38970-39070.

Max pain for NIFTY has increased to 17500.

Max pain for BANKNIFTY has increased to 38200.

Max pain for USDINR is same at 75.00.

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.

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