Indian Market Outlook: February 03, 2022


NIFTY is likely to open neutral.

NIFTY short term support is between 17520-17570 and resistance is between 17920-17970.

BANKNIFTY short term support is between 38330-38430 and resistance is between 39610-39710.

Max pain for NIFTY has increased to 17700.

Max pain for BANKNIFTY has increased to 39100.

Max pain for USDINR is same at 75.00.

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.

More info:

Trade setup:

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