Indian Market Outlook: May 28, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15140-15190 and resistance is between 15450-15500.


BANKNIFTY short term support is between 34300-34400 and resistance is between 35500-35600.


Max pain for NIFTY has increased to15300.

Max pain for BANKNIFTY has increased to 35000.

Max pain for USDINR has decreased to 72.75.


Can look for Short PUT/Long CALL on drop.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Closed in GREEN.
2. Weekly NIFTY option strategy positional trades: None
3. Monthly NIFTY option strategy positional trades: None
4. Monthly Stock option strategy positional trades: Closed in GREEN.
5. Monthly Currency option strategy positional trades: None




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-wide-range-earnings-based-options-strategy-in-bank-of-baroda-6950371.html



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