Indian Market Outlook: June 25, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 15560-15610 and resistance is between 15850-15900.


BANKNIFTY short term support is between 34210-34310 and resistance is between 35180-35280.


Max pain for NIFTY has increased to 15800.

Max pain for BANKNIFTY has increased to 34800.

Max pain for USDINR is same at 74.25.


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: Closed in GREEN. and initiated.
3. Monthly Stock Covered CALL positional trades: Closed in GREEN and initiated.
4. Monthly NIFTY Covered CALL positional trades: Closed in GREEN and initiated.








Trade setup:

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