Indian Market Outlook: March 07, 2022


NIFTY is likely to open negative.

NIFTY short term support is between 15750-115800 and resistance is between 16350-16400.

BANKNIFTY short term support is between 33000-33100 and resistance is between 34750-34850.

Max pain for NIFTY has decreased to 16400.

Max pain for BANKNIFTY has decreased to 34800.

Max pain for USDINR has increased to 76.00.

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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