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.


Upcoming Events:

Live Trading Session (Online):


Prerequisite: 


More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-state-bank-of-india-7851911.html



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