Indian Market Outlook: July 13, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15630-15680 and resistance is between 15890-15940.


BANKNIFTY short term support is between 34850-34950 and resistance is between 35720-35820.


Max pain for NIFTY remains same at 15700.

Max pain for BANKNIFTY has increased to 35200.

Max pain for USDINR is same at 74.75.


Can look for Long PUT/Short CALL 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. See possibility of reducing exposure in the open trades. 








Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-options-strategy-in-infosys-7163051.html


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