Indian Market Outlook: September 03, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 17000-17050 and resistance is between 17300-17350.


BANKNIFTY short term support is between 36400-36500 and resistance is between 37200-37300.


Max pain for NIFTY has increased to 17200.

Max pain for BANKNIFTY has increased to 36800.

Max pain for USDINR is same at 73.25.


Can look for Long CALL/Short PUT on drop.





Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: None
2. Monthly Stock option strategy positional trades: Under control.
3. Monthly Stock Covered CALL positional trades: Under control.
4. Monthly NIFTY Covered CALL positional trades: None.

Algo Trading:
BANKNIFTY strategies trades: Closed in RED.

Today's Trading Plan (manual):
Initiate stock option strategy positional trades.



Upcoming Events:

Live Trading Session (Online):

Workshop:

Prerequisite: 



More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 


Trade setup:

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