Indian Market Outlook: October 12, 2021

 

NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 17760-17810 and resistance is between 18010-18060.


BANKNIFTY short term support is between 37500-37600 and resistance is between 38460-38560.


Max pain for NIFTY has increased to 17900.

Max pain for BANKNIFTY has increased to 38200.

Max pain for USDINR has increased to 75.25.


Can look for Long PUT/Short CALL on rally.




Last Trading Day's Highlights for us:

Algo Trading:
BANKNIFTY strategies trades: Under control.
https://www.sonicalpha.com/p/algo.html

Discretionary Trading:
1. Monthly Stock option strategy positional trades: Under control.
2. Monthly Stock Covered CALL positional trades: Under control.
3. Monthly NIFTY Covered CALL positional trades: None.



Upcoming Events:

Live Trading Session (Online):

Prerequisite: 


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: 
3. Interview: 


Trade setup:

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages