Indian Market Outlook: September 22, 2021


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 17320-17370 and resistance is between 17630-17680.


BANKNIFTY short term support is between 36660-36760 and resistance is between 37700-37800.


Max pain for NIFTY is same at 17500.

Max pain for BANKNIFTY has decreased to 37100.

Max pain for USDINR is same at 73.75.


Can look for Long PUT/Short CALL near short term resistance zone.




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.
(https://www.sonicalpha.com/p/algo.html)

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







More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-tech-mahindra-7492681.html



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