Indian Market Outlook: December 22, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 16390-16440 and resistance is between 16960-17040.

BANKNIFTY short term support is between 34000-34100 and resistance is between 35620-35720.

Max pain for NIFTY has increased to 16850.

Max pain for BANKNIFTY has decreased to 34900.

Max pain for USDINR has decreased to 75.75.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us (algo trading):

Weekly BANKNIFTY strategies trades: Under control.

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