Indian Market Outlook: February 23, 2022

NIFTY is likely to open positive.

NIFTY short term support is between 16900-16950 and resistance is between 17310-17360.

BANKNIFTY short term support is between 37050-37150 and resistance is between 38050-38150.

Max pain for NIFTY has decreased to 17150.

Max pain for BANKNIFTY has decreased to 37500.

Max pain for USDINR has decreased to 0.00.

Can look for Long CALL/Short PUT on the 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.

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Trade setup:

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