Indian Market Outlook: October 28, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.

NIFTY short term support is between 18050-18100 and resistance is between 18350-18400.

BANKNIFTY short term support is between 40250-40350 and resistance is between 41720-41820.

Max pain for NIFTY is same at 18200.

Max pain for BANKNIFTY has decreased to 40900.

Max pain for USDINR has increased to 75.00.

Can look for Long PUT/Short CALL on rally.

Last Trading Day's Highlights for us:

Algo Trading:

Weekly BANKNIFTY strategies trades: Under control.

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

Discretionary Trading:

1. Monthly Stock option strategy positional trades: Adjusted.

2. Monthly Stock Covered CALL positional trades: Under control.

3. Monthly NIFTY Covered CALL positional trades: None.

Upcoming Events:

Workshop (Bengaluru):

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

Live Trading Session (Online):

http://www.pasitechnologies.com/p/trading.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-an-earnings-based-non-directional-options-strategy-in-mm-financial-services-7638541.html