Indian Market Outlook: July 14, 2021

 

NIFTY is likely to open neutral.

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 34950-35050 and resistance is between 35750-35850.


Max pain for NIFTY has increased to 15800.

Max pain for BANKNIFTY has increased to 35500.

Max pain for USDINR has reduced to 74.50.


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. Add stock option strategy trade. 
2. See possibility of reducing exposure in the open trades. 







Trade setup:

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