Indian Market Outlook: January 18, 2022

 

NIFTY is likely to open neutral.


NIFTY short term support is between 18120-18170 and resistance is between 18370-18420.

BANKNIFTY short term support is between 37900-38000 and resistance is between 38660-38760.


Max pain for NIFTY has increased to 18250.

Max pain for BANKNIFTY is same at 38300.

Max pain for USDINR has increased to 74.25.


Can look for Long PUT/Short CALL on a 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.


Upcoming Events:

Workshop (Bengaluru):


Prerequisite: 



More info:


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-bajaj-finance-2-7949691.html




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SEBI Registered Research Analyst Name: Santosh Kumar Karmraj Pasi

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