Indian Market Outlook: July 07, 2021

  

NIFTY is likely to open negative.


It is likely to remain between our short term levels.


NIFTY short term support is between 15620-15670 and resistance is between 15880-15930.


BANKNIFTY short term support is between 34900-35000 and resistance is between 35720-35820.


Max pain for NIFTY is same at 15800.

Max pain for BANKNIFTY has increased to 35500.

Max pain for USDINR is same at 74.50.


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.

Today's Trading Plan:

1. Going low on position size, manage current trades.




Upcoming Events:

Live Trading Session (Online):

Workshop (Mumbai and Bengaluru):

Prerequisite: 



More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 


Trade setup:

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