Indian Market Outlook: September 20, 2021

NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 17400-17450 and resistance is between 17660-17710.

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

Max pain for NIFTY has increased to 17600.

Max pain for BANKNIFTY has increased to 37600.

Max pain for USDINR is same at 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 trades.

Trade setup:

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.