Indian Market Outlook: December 27, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 16850-16900 and resistance is between 17180-17230.

BANKNIFTY short term support is between 34470-34570 and resistance is between 35620-35720.

Max pain for NIFTY is same at 17100.

Max pain for BANKNIFTY has decreased to 35100.

Max pain for USDINR has decreased to 75.25.

Can look for Long PUT/Short CALL on rally.

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

Weekly BANKNIFTY strategies trades: No trades.

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Trade setup:

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