Indian Market Outlook: September 28, 2023

Indian Market Outlook: September 28, 2023

NIFTY is likely to open neutral.

NIFTY short-term support is between 19490-19540 and resistance is between 19900-19950.

BANKNIFTY short-term support is between 44200-44300 and resistance is between 45200-45300.

Max pain for NIFTY is same at the 19700.

Max pain for BANKNIFTY has decreased to 44600.

Max pain for USDINR is same at the 83.25.

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.

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

Upcoming Events:

Workshop:

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

Prerequisite: 

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

More info:

https://www.pasitechnologies.com/p/trainer.html

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-nmdc-4-11442071.html

Disclosure:

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

Current stock option trades open: None

We regularly trade weekly options.