Indian Market Outlook: August 31, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 16650-16700 and resistance is between 16950-17000.

BANKNIFTY short term support is between 35350-35450 and resistance is between 36500-36600.

Max pain for NIFTY has increased to 16800.

Max pain for BANKNIFTY has increased to 36100.

Max pain for USDINR has reduced to 73.75.

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):

Initiate stock option strategy positional trades.

Upcoming Events:

Live Trading Session (Online):



More info:

1. Moneycontrol Interview:

2. Elearnmarkets Face2Face Interview:

3. Interview:

Trade setup:

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