Indian Market Outlook: March 22, 2022

NIFTY is likely to open neutral.

NIFTY short term support is between 16940-16990 and resistance is between 17240-17290.

BANKNIFTY short term support is between 35480-35580 and resistance is between 36240-36340.

Max pain for NIFTY has increased to 17200.

Max pain for BANKNIFTY has increased to 36100.

Max pain for USDINR has decreased to 76.00.

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.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop:

http://www.pasitechnologies.com/p/trading.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-bank-nifty-4-8257971.html