Indian Market Outlook: February 25, 2022

 

NIFTY is likely to open positive.

NIFTY short term support is between 16200-16250 and resistance is between 16670-16720.

BANKNIFTY short term support is between 34990-35090 and resistance is between 36640-36740.

Max pain for NIFTY has decreased to 16550.

Max pain for BANKNIFTY has decreased to 36000.

Max pain for USDINR has increased to 75.50.

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: Closed in RED.

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-hindalco-2-8161261.html