Indian Market Outlook: November 29, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 16930-16980 and resistance is between 17520-17570.


BANKNIFTY short term support is between 35790-35890 and resistance is between 37300-37400.


Max pain for NIFTY has decreased to 17300.

Max pain for BANKNIFTY has decreased to 36700.

Max pain for USDINR has increased 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:

Workshop (Mumbai):


Prerequisite: 





Trade setup:

https://www.moneycontrol.com/news/opinion/options-trade-a-non-directional-options-strategy-in-hindustan-unilever-7770711.html



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