Indian Market Outlook: October 14, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 18000-18050 and resistance is between 18250-18300.

BANKNIFTY short term support is between 38000-38100 and resistance is between 38900-39000.

Max pain for NIFTY has increased to 18100.

Max pain for BANKNIFTY has increased to 38500.

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: Booked profit and few positions carryforward.

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.

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

Trade setup:

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