Indian Market Outlook: September 24, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 17680-17730 and resistance is between 17880-17830.

BANKNIFTY short term support is between 37180-37280 and resistance is between 38020-38120.

Max pain for NIFTY has increased to 17700.

Max pain for BANKNIFTY has increased to 37500.

Max pain for USDINR is same at 73.75.

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 RED.

Trade setup:

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