Indian Market Outlook: December 23, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 16860-16910 and resistance is between 17130-17180.

BANKNIFTY short term support is between 34700-34800 and resistance is between 35620-35720.

Max pain for NIFTY has increased to 16900.

Max pain for BANKNIFTY has increased to 35000.

Max pain for USDINR is same at 75.75.

Can look for Long CALL/Short PUT on drop.

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

Weekly BANKNIFTY strategies trades: Under control.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Live Trading Session (Online):

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

1. Moneycontrol Interview: 

https://www.moneycontrol.com/news/business/moneycontrol-research/a-part-time-trader-who-uses-time-and-risk-management-successfully-at-his-job-and-in-the-market-2774651.html

2. Elearnmarkets Face2Face Interview: 

https://www.youtube.com/watch?v=--Ku2hhFL1M

3. Interview: 

https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-low-risk-options-strategy-in-itc-7856131.html