Indian Market Outlook: July 01, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 15570-15620 and resistance is between 15870-15920.


BANKNIFTY short term support is between 35510-35610 and resistance is between 35350-35650.


Max pain for NIFTY has reduced to 15750.

Max pain for BANKNIFTY is same at 35000.

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: 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.





More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html
4. QuantsApp Option Expert Series: 


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-non-directional-options-strategy-in-tata-power-7110441.html




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