Indian Market Outlook: November 03, 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 38770-38870 and resistance is between 40350-40450.


Max pain for NIFTY is same at 17900.

Max pain for BANKNIFTY has increased to 39900.

Max pain for USDINR has decreased 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: Under control.



Upcoming Events:

Live Trading Session (Online):

Workshop (Delhi):


Prerequisite: 




Trade setup:
https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-sbi-7670801.html





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