Indian Market Outlook: November 22, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 17600-17650 and resistance is between 17950-18000.

BANKNIFTY short term support is between 37600-37700 and resistance is between 38470-38570.

Max pain for NIFTY has decreased to 17850.

Max pain for BANKNIFTY has decreased to 38100.

Max pain for USDINR is same at 74.50.

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

Last Trading Day's Highlights for us:

Algo Trading:

Weekly BANKNIFTY strategies trades: Closed in GREEN.

https://www.sonicalpha.com/p/algo.html

Upcoming Events:

Workshop (Delhi):

http://www.pasitechnologies.com/p/training.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

More info:

1. Moneycontrol Interview: 

https://www.moneycontrol.com/news/business/moneycontrol-research/a-part-time-trader-who-uses-time-and-risk-management-successfully-at-his-job-and-in-the-market-2774651.html

2. Elearnmarkets Face2Face Interview: 

https://www.youtube.com/watch?v=--Ku2hhFL1M

3. Interview: 

https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-icici-bank-7744651.html