Indian Market Outlook: November 15, 2023

NIFTY is likely to open positive.

NIFTY short-term support is between 19400-19450 and resistance is between 19700-19750.

BANKNIFTY short-term support is between 43800-43900 and resistance is between 44900-45000.

Max pain for NIFTY has decreased to 19400.

Max pain for BANKNIFTY is same at the 43900.

Max pain for USDINR is same at the 83.25.

Can look for Long PUT/Short CALL on the rally, expecting corrections after gap opening.

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-icici-bank-10-11741301.html

Disclosure:

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

Current stock option trades open: None

We regularly trade weekly options.