Indian Market Outlook: January 19, 2022

 

NIFTY is likely to open negative.

NIFTY short term support is between 18000-18050 and resistance is between 18270-18320.

BANKNIFTY short term support is between 37900-38000 and resistance is between 38760-38860.

Max pain for NIFTY has decreased to 18200.

Max pain for BANKNIFTY has increased to 38400.

Max pain for USDINR has increased to 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.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop (Mumbai):

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

Tade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-reliance-industries-2-7954491.html