Indian Market Outlook: June 11, 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 15790-15840.


BANKNIFTY short term support is between 34730-34830 and resistance is between 35500-35600.


Max pain for NIFTY is same at 15700.

Max pain for BANKNIFTY is same at 35000.

Max pain for USDINR is same at 73.00.


Can look for Short CALL/Long PUT near short term resistance level.





Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Closed in GREEN.
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: Under control.




Upcoming Events:

Live Trading Session (Online):

Workshop (Mumbai and Bengaluru):

Prerequisite: 





Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-earnings-based-options-strategy-in-coal-india-2-7015891.html



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