Indian Market Outlook: January 20, 2022

NIFTY is likely to open negative.

NIFTY short term support is between 17790-17840 and resistance is between 18090-18140.

BANKNIFTY short term support is between 37520-37620 and resistance is between 38250-38350.

Max pain for NIFTY has decreased to 18000.

Max pain for BANKNIFTY has decreased to 38000.

Max pain for USDINR is same at 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.

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