Indian Market Outlook: November 09, 2021


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17840-17890 and resistance is between 18180-18230.

BANKNIFTY short term support is between 38910-39010 and resistance is between 40090-40190.

Max pain for NIFTY has increased to 18000.

Max pain for BANKNIFTY has decreased to 39500.

Max pain for USDINR has decreased to 74.50.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Under control.

Trade setup:

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