Indian Market Outlook: December 30, 2021


NIFTY is likely to open neutral.

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 34700-34800 and resistance is between 35620-35720.


Max pain for NIFTY is same at 17200.

Max pain for BANKNIFTY has decreased to 35100.

Max pain for USDINR has decreased to 74.75.


Can look for Long CALL/Short PUT on drop.



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

Weekly BANKNIFTY strategies trades: Under control.


Upcoming Events:

Workshop (Bengaluru):


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-dr-reddys-laboratories-2-7881011.html



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