Indian Market Outlook: June 30, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15640-15690 and resistance is between 15900-15950.


BANKNIFTY short term support is between 34760-34860 and resistance is between 35650-35750.


Max pain for NIFTY is same at 15800.

Max pain for BANKNIFTY has reduced to 35000.

Max pain for USDINR has increased to 74.25.


Can look for Short PUT/Long CALL on drop.



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:

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