Indian Market Outlook: October 13, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 17810-17860 and resistance is between 18050-18100.


BANKNIFTY short term support is between 37750-37850 and resistance is between 38900-39000.


Max pain for NIFTY has increased to 17950.

Max pain for BANKNIFTY has increased to 38400.

Max pain for USDINR is same at 75.25.


Can look for Long CALL/Short PUT on drop.


Last Trading Day's Highlights for us:

Algo Trading:
BANKNIFTY strategies trades: Under control.
https://www.sonicalpha.com/p/algo.html

Discretionary Trading:
1. Monthly Stock option strategy positional trades: Under control.
2. Monthly Stock Covered CALL positional trades: Under control.
3. Monthly NIFTY Covered CALL positional trades: None.






Trade setup:

No comments:

Post a Comment

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

Pages