Indian Market Outlook: March 04, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 14750-14800 and resistance is between 15080-15130.

BANKNIFTY short term support is between 34500-34600 and resistance is between 36490-36590.


Max pain for NIFTY has increased to 15100.

Max pain for BANKNIFTY has increased to 36000.

Max pain for USDINR has reduced to 73.00.


Can look for Long CALL/Short PUT near short term support levels.


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:

Workshop (Pune and Chennai):


Prerequisite: 





Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-sideways-to-slightly-bearish-options-strategy-in-bhel-6600771.html



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