Indian Market Outlook: July 20, 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 15920-15970.


BANKNIFTY short term support is between 34860-34960 and resistance is between 35760-35860.


Max pain for NIFTY has decreased to 15800.

Max pain for BANKNIFTY has decreased to 35100.

Max pain for USDINR has increased to 74.75.


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



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 (Mumbai):

Prerequisite: 





Trade setup:

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