Indian Market Outlook: June 15, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 15550-15600 and resistance is between 15850-15900.


BANKNIFTY short term support is between 34350-34450 and resistance is between 35500-35600.


Max pain for NIFTY is same at 15800.

Max pain for BANKNIFTY is same at 35000.

Max pain for USDINR has increased to 73.25.


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: Under control.
3. Monthly Stock Covered CALL positional trades: Under control.
4. Monthly NIFTY Covered CALL positional trades: Under control.









Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-earnings-based-options-strategy-in-lic-housing-finance-7034401.html



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