Indian Market Outlook: December 16, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 17150-17200 and resistance is between 17410-17460.

BANKNIFTY short term support is between 36500-36600 and resistance is between 37500-37600.

Max pain for NIFTY has decreased to 17300.

Max pain for BANKNIFTY is same at 37000.

Max pain for USDINR is at 76.00

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Under control.

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