Indian Market Outlook: March 08, 2022


NIFTY is likely to open negative.

NIFTY short term support is between 15650-15700 and resistance is between 16210-16260.

BANKNIFTY short term support is between 32250-32350 and resistance is between 33500-33600.

Max pain for NIFTY has decreased to 16000.

Max pain for BANKNIFTY has decreased to 33400.

Max pain for USDINR has increased to 76.50.

Can look for Long PUT/Short CALL on 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.

Trade setup:

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