Indian Market Outlook: July 30, 2021


NIFTY is likely to open negative.

It is likely to remain between our short term levels.


NIFTY short term support is between 15500-15500 and resistance is between 15890-15940.


BANKNIFTY short term support is between 34120-34220 and resistance is between 35170-35270.


Max pain for NIFTY has increased to 15800.

Max pain for BANKNIFTY has increased to 34700.

Max pain for USDINR has decreased to 74.25.


Can look for Long PUT/Short CALL on rally.



Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Closed in GREEN
2. Monthly Stock option strategy positional trades: Closed in GREEN.
3. Monthly Stock Covered CALL positional trades: Closed in GREEN.
4. Monthly NIFTY Covered CALL positional trades: Closed in GREEN.

Today's Trading Plan:
Initiate NIFTY Covered CALL positional trades.
Initiate BANKNIFTY Weekly positional trades.
Final test run of algo using real trades.







Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-non-directional-options-strategy-in-bhel-7248341.html


No comments:

Post a Comment

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

Pages