Indian Market Outlook: Jun 07, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 15450-15500 and resistance is between 15750-15800.

BANKNIFTY short term support is between 34900-35000 and resistance is between 35900-36000.

Max pain for NIFTY has increased to15700.

Max pain for BANKNIFTY is same at 35500.

Max pain for USDINR is same at 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: Initiated.
2. Monthly Stock option strategy positional trades: Under control.
3. Monthly Stock Covered CALL positional trades: Under control.
4. Monthly NIFTY Covered CALL positional trades: None

More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 

Trade setup:

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