Indian Market Outlook: March 10, 2022

NIFTY is likely to open positive.

NIFTY short term support is between 16090-16140 and resistance is between 16770-16820.

BANKNIFTY short term support is between 33000.00-33100 and resistance is between 35050-35150.

Max pain for NIFTY has increased to 16250.

Max pain for BANKNIFTY has increased to 33500.

Max pain for USDINR is same at 76.50.

Can look for Long CALL/Short PUT on the drop.

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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