Indian Market Outlook: July 05, 2021

 

NIFTY is likely to open positive.

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 34510-34610 and resistance is between 35350-35450.


Max pain for NIFTY is same at 15700.

Max pain for BANKNIFTY is same at 34800.

Max pain for USDINR has increased to 74.75.


Can look for Short CALL/Long PUT on rally or near short term resistance level.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Initiated.
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.

Today's Trading Plan:

1. Add another Weekly BANKNIFTY positional strategy.
2. Add another Stock positional strategy.








Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-bullish-outlook-options-strategy-in-gmr-infrastructure-7121671.html


No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Pages