Indian Market Outlook: January 07, 2022


NIFTY is likely to open neutral.

NIFTY short term support is between 17600-17650 and resistance is between 17900-17950.

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

Max pain for NIFTY has decreased to 17750.

Max pain for BANKNIFTY has increased to 37500.

Max pain for USDINR is same at 74.50.

Can look for Long PUT/Short CALL on rally.

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

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

Weekly BANKNIFTY strategies trades: Under control.

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