Indian Market Outlook: March 04, 2022

 

NIFTY is likely to open negative.

NIFTY short term support is between 16190-16240 and resistance is between 16600-16650.

BANKNIFTY short term support is between 34380-34480 and resistance is between 35700-35800.

Max pain for NIFTY is same at 16600.

Max pain for BANKNIFTY has decreased to 35100.

Max pain for USDINR has increased to 75.75.

Can look for Long PUT/Short CALL on the rally.

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 a breakeven.

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-icici-bank-3-8191131.html