Indian Market Outlook: June 16, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 15670-15720 and resistance is between 15890-15940.


BANKNIFTY short term support is between 34550-34650 and resistance is between 35500-35600.


Max pain for NIFTY is same at 15800.

Max pain for BANKNIFTY has increased to 35100.

Max pain for USDINR is same at 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.




Upcoming Events:

Live Trading Session (Online):

Workshop (Mumbai and Bengaluru):

Prerequisite: 


More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-options-strategy-in-power-grid-corporation-of-india-7039811.html




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