Indian Market Outlook: February 19, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 14860-14910 and resistance is between 15210-15260.

BANKNIFTY short term support is between 35900-36000 and resistance is between 36890-36990.


Max pain for NIFTY has reduced to 15150.

Max pain for BANKNIFTY has reduced to 36600.

Max pain for USDINR remains same at 72.75.


Can look for Long PUT/Short CALL on rally.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Closed in GREEN.
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





More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-options-strategy-in-state-bank-of-india-6540571.html



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