Indian Market Outlook: March 02, 2022


NIFTY is likely to open negative.

NIFTY short term support is between 16420-16470 and resistance is between 16770-16820.

BANKNIFTY short term support is between 35610-35710 and resistance is between 36740-36840.

Max pain for NIFTY has increased to 16700.

Max pain for BANKNIFTY has decreased to 36100.

Max pain for USDINR is 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.

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Trade setup:

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