Indian Market Outlook: September 23, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 17430-17480 and resistance is between 17630-17680.

BANKNIFTY short term support is between 36660-36760 and resistance is between 37550-37650.

Max pain for NIFTY has increased to 17550.

Max pain for BANKNIFTY has decreased to 37000.

Max pain for USDINR is same at 73.75.

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.

Upcoming Events:

Workshop (Mumbai):

Live Trading Session (Online):


Trade setup:

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