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.

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

Upcoming Events:

Workshop (Bengaluru):

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-non-directional-options-strategy-in-axis-bank-3-7876921.html