NIFTY is likely to open neutral.
NIFTY short-term support is between 17800-17850 and resistance is between 18100-18150.
BANKNIFTY short-term support is between 41100-41200 and resistance is between 42020-42120.
Max pain for NIFTY has increased to 18000.
Max pain for BANKNIFTY has increased to 41600.
Max pain for USDINR is same at the 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.
Upcoming Events:
Workshop:
Prerequisite:
More info:
Trade setup:
https://www.moneycontrol.com/news/business/markets/options-trade-an-low-risk-non-directional-options-strategy-in-nifty-10092541.html
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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