Indian Market Outlook: November 17, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.

NIFTY short term support is between 17850-17900 and resistance is between 18200-18250.

BANKNIFTY short term support is between 37900-38000 and resistance is between 39050-39150.

Max pain for NIFTY has decreased to 18000.

Max pain for BANKNIFTY has decreased to 38500.

Max pain for USDINR is same at 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.

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