Indian Market Outlook: December 29, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 17050-17100 and resistance is between 17260-17310.

BANKNIFTY short term support is between 34800-34900 and resistance is between 35620-35720.

Max pain for NIFTY has increased to 17200.

Max pain for BANKNIFTY has increased to 35200.

Max pain for USDINR is same at 75.00.

Can look for Long PUT/Short CALL near short term resistance level.

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

Weekly BANKNIFTY strategies trades: Under control.

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