Indian Market Outlook: November 16, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 17900-17950 and resistance is between 18300-18350.

BANKNIFTY short term support is between 38000-38100 and resistance is between 39150-39250.

Max pain for NIFTY has increased to 18100.

Max pain for BANKNIFTY has increased to 38700.

Max pain for USDINR is same at 74.50.

Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Under control.

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

Trade setup:

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