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:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-hindustan-unilever-3-8167051.html



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