Indian Market Outlook: June 03, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15400-15450 and resistance is between 15650-15700.


BANKNIFTY short term support is between 34900-35000 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



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