Indian Market Outlook: October 28, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 18050-18100 and resistance is between 18350-18400.


BANKNIFTY short term support is between 40250-40350 and resistance is between 41720-41820.


Max pain for NIFTY is same at 18200.

Max pain for BANKNIFTY has decreased to 40900.

Max pain for USDINR has increased to 75.00.


Can look for Long PUT/Short CALL on rally.



Last Trading Day's Highlights for us:

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

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.



Upcoming Events:

Workshop (Bengaluru):

Live Trading Session (Online):

Prerequisite: 



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


Trade setup:

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