Indian Market Outlook: September 09, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 17190-17240 and resistance is between 17450-17500.


BANKNIFTY short term support is between 36100-36200 and resistance is between 36900-37000.


Max pain for NIFTY is same at 7300.

Max pain for BANKNIFTY has increased to 36700.

Max pain for USDINR has increased to 73.50.


Can look for Long PUT/Short CALL on rally.


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 positions.




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


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-non-directional-options-strategy-in-bharat-heavy-electricals-7446801.html


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