Indian Market Outlook: March 04, 2022


NIFTY is likely to open negative.

NIFTY short term support is between 16190-16240 and resistance is between 16600-16650.

BANKNIFTY short term support is between 34380-34480 and resistance is between 35700-35800.

Max pain for NIFTY is same at 16600.

Max pain for BANKNIFTY has decreased to 35100.

Max pain for USDINR has increased to 75.75.

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: Closed in a breakeven.

More info:

Trade setup:

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.