Indian Market Outlook: January 17, 2022

 

NIFTY is likely to open negative.

NIFTY short term support is between 18120-18170 and resistance is between 18360-18410.

BANKNIFTY short-term support is between 37900-38000 and resistance is between 38660-38760.


Max pain for NIFTY is same at 18200.

Max pain for BANKNIFTY has decreased to 38300.

Max pain for USDINR is same at 74.00.


Can look for Long PUT/Short CALL on a rally.

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


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

Weekly BANKNIFTY strategies trades: No trade triggered.



Upcoming Events:

Workshop (Bengaluru):


Prerequisite: 




Trade setup:

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

SEBI Registered Research Analyst Name: Santosh Kumar Karmraj Pasi

SEBI Research Analyst Registration No.: INH000009533

BSE Enlistment No.: 5554

Email: santoshpasi@yahoo.com

Telephone: +91.98202.00550

Address: Flat D-303, Akar Pinnacle, Near BMC Dattapada School,, Dattapada Road, Dattapada, Borivali (E), MUMBAI, MAHARASHTRA, 400066

Warning: "Investment in securities market are subject to market risks. Read all the related documents carefully before investing."

Disclaimer: "Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors."

"The securities quoted are for illustration only and are not recommendatory."

Pages