Indian Market Outlook: July 23, 2021


NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 15570-15620 and resistance is between 15870-15920.


BANKNIFTY short term support is between 34350-34450 and resistance is between 35270-35370.


Max pain for NIFTY has increased to 15800.

Max pain for BANKNIFTY has increased to 34900.

Max pain for USDINR has decreased to 74.50.


Can look for Long CALL/Short PUT on drop.



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:
Initiate BANKNIFTY weekly positional trades.
Reduce risk exposure for monthly positional trades.


Upcoming Events:

Live Trading Session (Online):
http://www.pasitechnologies.com/p/trading.html

Workshop (Mumbai):

Prerequisite: 



More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 



Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-larsen-toubro-7210231.html


No comments:

Post a Comment

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

Pages