Indian Market Outlook: December 20, 2021

NIFTY is likely to open negative (Gap down).

It is likely to remain between our short term levels.

NIFTY short term support is between 16800-16850 and resistance is between 17080-17130.

BANKNIFTY short term support is between 35250-35350 and resistance is between 35900-36000.

Max pain for NIFTY has decreased to 17100

Max pain for BANKNIFTY has decreased to 36000.

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: No trade.

Upcoming Events:

Live Trading Session (Online):

Trade setup:

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