Indian Market Outlook: October 25, 2021


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 18000-18050 and resistance is between 18300-18350.

BANKNIFTY short term support is between 39750-39850 and resistance is between 40550-40650.

Max pain for NIFTY has reduced to 18100.

Max pain for BANKNIFTY has increased to 40000.

Max pain for USDINR has reduced to 74.75.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Closed in minor loss.

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

Trade setup:

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