Indian Market Outlook: January 29, 2021

NIFTY is likely to open positive.

It is likely to remain between our short term levels.

NIFTY short term support is between 13700-13750 and resistance is between 14120-14170.

BANKNIFTY short term support is between 29450-29550 and resistance is between 31230-31330.

Can look for Long PUT/Short CALL on rally.

For budget, go with smaller position size.

Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: Closed in RED.

2. Weekly NIFTY option strategy positional trades: None

3. Monthly NIFTY option strategy positional trades: None

4. Monthly Stock option strategy positional trades: Closed in GREEN.

5. Monthly Currency option strategy positional trades: None

Upcoming Events:

Workshop (Bengaluru and Mumbai):

http://www.pasitechnologies.com/p/training.html

Prerequisite: 

http://www.pasitechnologies.com/p/prerequisite.html

Live Trading Session (Online):

http://www.pasitechnologies.com/p/trading.html

More info:

1. Moneycontrol Interview: 

https://www.moneycontrol.com/news/business/moneycontrol-research/a-part-time-trader-who-uses-time-and-risk-management-successfully-at-his-job-and-in-the-market-2774651.html

2. Elearnmarkets Face2Face Interview: 

https://www.youtube.com/watch?v=--Ku2hhFL1M

3. Interview: 

https://www.mainebolatha.in/2020/05/santosh-pasi-person-who-takes-option-trading-to-the-next-levels.html

4. QuantsApp Option Expert Series: 

https://www.quantsapp.com/option-expert-series-5/

Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-an-earnings-based-options-strategy-in-sun-pharmaceutical-industries-6411891.html