Indian Market Outlook: July 19, 2021

 


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 15680-15730 and resistance is between 15950-16000.


BANKNIFTY short term support is between 34860-34960 and resistance is between 35900-36000.


Max pain for NIFTY is same at 15900.

Max pain for BANKNIFTY has decreased to 35700.

Max pain for USDINR is same at 74.50.


Can look for Long CALL/Short PUT near support levels.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: None.
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. Initiate BANKNIFTY weekly positional trade.


Upcoming Events:

Live Trading Session (Online):

Workshop:

Prerequisite: 




Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-bajaj-finance-7187261.html

No comments:

Post a Comment

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

Pages