Indian Market Outlook: September 17, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 17500-17550 and resistance is between 17700-17750.

BANKNIFTY short term support is between 36800-36900 and resistance is between 38000-38100.

Max pain for NIFTY is same at 17500.

Max pain for BANKNIFTY has increased to 37500.

Max pain for USDINR is same at 73.50.

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: Closed in GREEN.

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

Upcoming Events:

Workshop (Mumbai):

Live Trading Session (Online):


Trade setup:

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