Indian Market Outlook: June 10, 2021

 

NIFTY is likely to open positive.

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 35500-35600.


Max pain for NIFTY is same at 15700.

Max pain for BANKNIFTY has reduced to 35000.

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: One trade adjusted, remaining are in under control.
3. Monthly Stock Covered CALL positional trades: Under control.
4. Monthly NIFTY Covered CALL positional trades: Under control.



Upcoming Events:

Live Trading Session (Online):

Workshop (Mumbai and Bengaluru):

Prerequisite: 






Trade setup:

No comments:

Post a Comment

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

Pages