Indian Market Outlook: February 23, 2022

NIFTY is likely to open positive.

NIFTY short term support is between 16900-16950 and resistance is between 17310-17360.

BANKNIFTY short term support is between 37050-37150 and resistance is between 38050-38150.

Max pain for NIFTY has decreased to 17150.

Max pain for BANKNIFTY has decreased to 37500.

Max pain for USDINR has decreased to 0.00.

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

Upcoming Events:

Workshop:

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-hdfc-bank-8150811.html