Indian Market Outlook: March 19, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 14300-14350 and resistance is between 14800-14850.


BANKNIFTY short term support is between 32900-33000 and resistance is between 34550-34650.


Max pain for NIFTY has decreased to 14750.

Max pain for BANKNIFTY has decreased to 34500.

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 RED.
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 (Chennai):


Prerequisite: 


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-non-directional-strategy-in-bank-nifty-9-6664651.html



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