Indian Market Outlook: June 18, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15560-15610 and resistance is between 15810-15860.


BANKNIFTY short term support is between 34360-34460 and resistance is between 35450-35550.


Max pain for NIFTY has reduced to 15650.

Max pain for BANKNIFTY has reduced to 34700.

Max pain for USDINR has increased to 73.50.


Can look for Short CALL/Long PUT on rally.


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.




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