Indian Market Outlook: February 28, 2022

NIFTY is likely to open negative.

NIFTY short term support is between 16470-16520 and resistance is between 16770-16820.

BANKNIFTY short term support is between 35750-35850 and resistance is between 36840-36940.

Max pain for NIFTY has increased to 16600.

Max pain for BANKNIFTY has increased to 36400.

Max pain for USDINR is the same at 75.50.

Can look for Long PUT/Short CALL on the 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.

More info:

Trade setup:

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