Indian Market Outlook: January 10, 2022


NIFTY is likely to open positive.

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

BANKNIFTY short term support is between 37040-37140 and resistance is between 38000-38100.

Max pain for NIFTY has increased to 17800.

Max pain for BANKNIFTY has increased to 37700.

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 tried.

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

Weekly BANKNIFTY strategies trades: Under control.

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