Indian Market Outlook: October 26, 2023


NIFTY is likely to open neutral.

NIFTY short-term support is between 19000-19050 and resistance is between 19400-19450.


BANKNIFTY short-term support is between 42400-42500 and resistance is between 43400-43500.


Max pain for NIFTY has decreased to 19200.

Max pain for BANKNIFTY has decreased to 43000.

Max pain for USDINR is same at the 83.13.


Can look for Long CALL/Short PUT on the drop.

At our short-term levels, directional trades can be tried.


Last Trading Day's Highlights for us (algo trading):
Algo trading: Under control.


Upcoming Events:

Workshop:
http://www.pasitechnologies.com/p/trading.html


Prerequisite: 


More info:



Trade setup:



Disclosure:

Portfolio: NIFTYBeeS, LIQUIDBeeS, HCL TECH, HDFC BANK, ICICI BANK, SBI, etc.

Current stock option trades open: None

We regularly trade weekly options.



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