Indian Market Outlook: October 29, 2021

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17750-17800 and resistance is between 18100-18150.

BANKNIFTY short term support is between 39050-39150 and resistance is between 40350-40450.

Max pain for NIFTY is decreased to 18000.

Max pain for BANKNIFTY has decreased to 40000.

Max pain for USDINR is same at 75.00.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Small loss (~0.5%).

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