Indian Market Outlook: May 25, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15040-15090 and resistance is between 15290-15340.


BANKNIFTY short term support is between 34050-34150 and resistance is between 35320-35420.


Max pain for NIFTY has increased to 15050.

Max pain for BANKNIFTY has increased to 34500.

Max pain for USDINR remains same at 73.50.


Can look for Short PUT/Long CALL on drop.



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:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-option-strategy-in-bharat-petroleum-6933101.html




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