Indian Market Outlook: December 17, 2021

NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 17120-17170 and resistance is between 17410-17460.

BANKNIFTY short term support is between 36050-36150 and resistance is between 37500-37600.

Max pain for NIFTY is same at 17300.

Max pain for BANKNIFTY has decreased to 36700.

Max pain for USDINR is same at 76.00

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Closed in RED.

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Trade setup:

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