Indian Market Outlook: January 21, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 14470-145200 and resistance is between 14700-14750.

BANKNIFTY short term support is between 32100-32200 and resistance is between 32720-32820.

Can look for Long CALL/Short PUT on drop.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Under control
2. Weekly NIFTY option strategy positional trades: None
3. Monthly NIFTY option strategy positional trades: None
4. Monthly Stock option strategy positional trades: Under control
5. Monthly Currency option strategy positional trades: None







Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-options-strategy-in-reliance-industries-6372621.html



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