Indian Market Outlook: January 03, 2022

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17200-17250 and resistance is between 17420-17470.

BANKNIFTY short term support is between 35030-35130 and resistance is between 35720-35820.

Max pain for NIFTY has increased to 17300.

Max pain for BANKNIFTY has increased to 35500.

Max pain for USDINR has decreased to 74.50.

Can look for Long CALL/Short PUT on drop.

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

Weekly BANKNIFTY strategies trades: No trades.

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-icici-bank-2-7891671.html