Indian Market Outlook: January 05, 2022

 

NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 17550-17600 and resistance is between 17850-17900.

BANKNIFTY short term support is between 36100-36200 and resistance is between 36940-37040.

Max pain for NIFTY has increased to 17700.

Max pain for BANKNIFTY has increased to 36500.

Max pain for USDINR is same at 74.50.

Can look for Long CALL/Short PUT on drop.

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 (Bengaluru):

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-bharat-electronics-3-7899561.html