Indian Market Outlook: September 07, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 17140-17190 and resistance is between 17450-17500.

BANKNIFTY short term support is between 36200-36300 and resistance is between 37050-37150.

Max pain for NIFTY has increased to 17300.

Max pain for BANKNIFTY has reduced to 36600.

Max pain for USDINR is same at 73.00.

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: Under control.

Today's Trading Plan (manual):
Manage open strategy positional trades.

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

Trade setup:

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