Indian Market Outlook: September 02, 2021


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 16900-16950 and resistance is between 17250-17300.

BANKNIFTY short term support is between 35900-36000 and resistance is between 36750-36850.

Max pain for NIFTY has increased to 17000.

Max pain for BANKNIFTY has increased to 36500.

Max pain for USDINR has reduced to 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: Under control.

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

Upcoming Events:

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Trade setup:

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