Indian Market Outlook: May 20, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 14890-14940 and resistance is between 15120-15170.


BANKNIFTY short term support is between 33400-33500 and resistance is between 34070-34170.


Max pain for NIFTY remains same at 15000.

Max pain for BANKNIFTY remains same at 33500.

Max pain for USDINR has decreased to 73.00.


Can look for Short PUT/Long CALL on drop.



Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Adjusted.
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:

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages