Indian Market Outlook: June 09, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 15540-15590 and resistance is between 15780-15830.


BANKNIFTY short term support is between 34500-34600 and resistance is between 35800-35900.


Max pain for NIFTY is same at 15700.

Max pain for BANKNIFTY has reduced to 35200.

Max pain for USDINR is same at 73.00.


Can look for Short CALL/Long PUT on rally.




Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Under control.
2. Monthly Stock option strategy positional trades: Two trades adjusted, remaining are in under control.
3. Monthly Stock Covered CALL positional trades: Under control.
4. Monthly NIFTY Covered CALL positional trades: Under control.

Also has updated overall trading plans.


Upcoming Events:

Live Trading Session (Online):
http://www.pasitechnologies.com/p/trading.html

Workshop (Mumbai and Bengaluru):

Prerequisite: 
http://www.pasitechnologies.com/p/prerequisite.html




Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-earnings-based-options-strategy-in-bhel-7005851.html




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