Indian Market Outlook: June 02, 2021

  

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 15300-15350 and resistance is between 15650-15700.


BANKNIFTY short term support is between 34700-34800 and resistance is between 35900-36000.


Max pain for NIFTY has increased to15500.

Max pain for BANKNIFTY has increased to 35300.

Max pain for USDINR has remained same at 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: 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-a-slightly-aggressive-earnings-based-options-strategy-in-muthoot-finance-6974851.html


No comments:

Post a Comment

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

Pages