Indian Market Outlook: February 18, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 15060-15110 and resistance is between 15290-15340.

BANKNIFTY short term support is between 36060-36160 and resistance is between 37400-37500.


Max pain for NIFTY has reduced to 15200.

Max pain for BANKNIFTY remains same at 37000.

Max pain for USDINR remains same at 72.75.


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


Upcoming Events:
Presenting at @ 11:30 today:

Workshop (Pune and Chennai):

Prerequisite: 




Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-earnings-based-options-strategy-in-ambuja-cement-6535951.html



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