Indian Market Outlook: March 24, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 14550-14600 and resistance is between 14930-14980.


BANKNIFTY short term support is between 33250-33350 and resistance is between 34740-34840.


Max pain for NIFTY has increased to 14800.

Max pain for BANKNIFTY remains same at 34000.

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: 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






Trade setup:

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