Indian Market Outlook: March 07, 2022

 

NIFTY is likely to open negative.

NIFTY short term support is between 15750-115800 and resistance is between 16350-16400.

BANKNIFTY short term support is between 33000-33100 and resistance is between 34750-34850.

Max pain for NIFTY has decreased to 16400.

Max pain for BANKNIFTY has decreased to 34800.

Max pain for USDINR has increased to 76.00.

Can look for Long PUT/Short CALL on the 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.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop:

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

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-nifty-3-8195791.html