Indian Market Outlook: January 17, 2022

 

NIFTY is likely to open negative.

NIFTY short term support is between 18120-18170 and resistance is between 18360-18410.

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

Max pain for NIFTY is same at 18200.

Max pain for BANKNIFTY has decreased to 38300.

Max pain for USDINR is same at 74.00.

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: No trade triggered.

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-an-earnings-based-non-directional-options-strategy-in-lic-housing-finance-2-7941321.html