Indian Market Outlook: November 09, 2022


NIFTY is likely to open positive.

NIFTY short-term support is between 18000-18050 and resistance is between 18370-18420.


BANKNIFTY short-term support is between 41000-41100 and resistance is between 42100-42200.


Max pain for NIFTY has increased to 18100.

Max pain for BANKNIFTY has increased to 41500.

Max pain for USDINR is same at the 82.50.


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: Under control.



Upcoming Events:

Workshop:


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Trade setup:


Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.



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