Indian Market Outlook: July 28, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 15570-15620 and resistance is between 15890-15940.


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


Max pain for NIFTY has decreased to 15750.

Max pain for BANKNIFTY has decreased to 34900.

Max pain for USDINR is same at 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:
Reduce risk exposure for monthly positional trades.


Upcoming Events:

Live Trading Session (Online):

Workshop (Mumbai):

Prerequisite: 




Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-lic-housing-finance-7236271.html





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