Indian Market Outlook: November 04, 2022


NIFTY is likely to open neutral.

NIFTY short-term support is between 17930-17980 and resistance is between 18180-18230.


BANKNIFTY short-term support is between 40590-40690 and resistance is between 41600-41700.


Max pain for NIFTY has decreased to 18000.

Max pain for BANKNIFTY has increased to 41300.

Max pain for USDINR has increased to 82.75.



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):
Weekly BANKNIFTY strategies trades: Under control.




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Trade setup:


Disclosure:

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

Current stock option trades open: None

We regularly trade BANKNIFTY weekly option.



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SEBI Registered Research Analyst Name: Santosh Kumar Karmraj Pasi

SEBI Research Analyst Registration No.: INH000009533

Email: santoshpasi@yahoo.com

Telephone: +91.98202.00550

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