Indian Market Outlook: January 07, 2022

 

NIFTY is likely to open neutral.

NIFTY short term support is between 17600-17650 and resistance is between 17900-17950.

BANKNIFTY short term support is between 36750-36850 and resistance is between 38000-38100.

Max pain for NIFTY has decreased to 17750.

Max pain for BANKNIFTY has increased to 37500.

Max pain for USDINR is same at 74.50.

Can look for Long PUT/Short CALL on 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.

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-tata-motors-7908841.html