Indian Market Outlook: March 28, 2022

NIFTY is likely to open neutral.

NIFTY short term support is between 16990-17040 and resistance is between 17440-17490.

BANKNIFTY short term support is between 35180-35280 and resistance is between 36090-36190.

Max pain for NIFTY is same at 17200.

Max pain for BANKNIFTY has decreased to 35500.

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

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