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.

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