Indian Market Outlook: November 29, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 16930-16980 and resistance is between 17520-17570.

BANKNIFTY short term support is between 35790-35890 and resistance is between 37300-37400.

Max pain for NIFTY has decreased to 17300.

Max pain for BANKNIFTY has decreased to 36700.

Max pain for USDINR has increased to 74.75.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Under control.

Upcoming Events:

Workshop (Mumbai):


Trade setup:

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