Indian Market Outlook: February 22, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 14780-14830 and resistance is between 15210-15260.

BANKNIFTY short term support is between 35280-35380 and resistance is between 36580-36680.


Max pain for NIFTY has reduced to 14900.

Max pain for BANKNIFTY has reduced to 35700.

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: None.
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:
Speaker at Indian Options Conclave 2.0 on Feb 27:

Workshop (Pune and Chennai):
http://www.pasitechnologies.com/p/training.html

Prerequisite: 




Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-strategy-in-bank-nifty-5-6551661.html



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