Indian Market Outlook: November 18, 2021


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17800-17850 and resistance is between 18120-18170.

BANKNIFTY short term support is between 37880-37980 and resistance is between 39050-39150.

Max pain for NIFTY has decreased to 17900.

Max pain for BANKNIFTY has decreased to 38200.

Max pain for USDINR is same at 74.50.

Can look for Long CALL/Short PUT near support levels.

Last Trading Day's Highlights for us:

Algo Trading:
Weekly BANKNIFTY strategies trades: Under control.

Upcoming Events:
Elearnmarkt Webinar (Nov 20):

Workshop (Delhi):


More info:
1. Moneycontrol Interview: 
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3. Interview: 

Trade setup:

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