Indian Market Outlook: January 25, 2022

NIFTY is likely to open negative.

NIFTY short term support is between 16590-16640 and resistance is between 17240-17290.

BANKNIFTY short term support is between 35400-35500 and resistance is between 37050-37150.

Max pain for NIFTY has decreased to 17400.

Max pain for BANKNIFTY has decreased to 37200.

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: Closed in minor loss.

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

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-cipla-7978641.html