Indian Market Outlook: January 12, 2022

 

NIFTY is likely to open positive.

NIFTY short term support is between 17700-17750 and resistance is between 18180-18230.

BANKNIFTY short term support is between 37930-38030 and resistance is between 38760-38860.

Max pain for NIFTY has increased to 18000.

Max pain for BANKNIFTY has increased to 38200.

Max pain for USDINR is same at 74.25.

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.

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-an-earnings-based-non-directional-options-strategy-in-infosys-2-7925621.html