Indian Market Outlook: August 04, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 15830-15880 and resistance is between 16200-16250.

BANKNIFTY short term support is between 34540-34640 and resistance is between 35500-35600.

Max pain for NIFTY has increased to 16000.

Max pain for BANKNIFTY has increased to 35000.

Max pain for USDINR has decreased to 74.25.

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..

Algo Trading:

Weekly BANKNIFTY strategies trades: Under control.

Today's Trading Plan (manual):

Manage open trades.

Upcoming Events:

Live Trading Session (Online):

Workshop (Mumbai):


More info:

1. Moneycontrol Interview:

2. Elearnmarkets Face2Face Interview:

3. Interview:

 Trade setup:

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