Indian Market Outlook: January 06, 2022

NIFTY is likely to open negative.

NIFTY short term support is between 17680-17730 and resistance is between 17950-18000.

BANKNIFTY short term support is between 36750-36850 and resistance is between 38000-38100.

Max pain for NIFTY has increased to 17850.

Max pain for BANKNIFTY has increased to 37400.

Max pain for USDINR is same at 74.50.

Can look for Long CALL/Short PUT on drop.

At our short term levels, directional trades can be initiated.

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:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-larsen-toubro-7904441.html