Indian Market Outlook: March 01, 2021

 

NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 14450-14500 and resistance is between 14880-14930.

BANKNIFTY short term support is between 34500-34600 and resistance is between 36490-36590.


Max pain for NIFTY has increased to 14750.

Max pain for BANKNIFTY has increased to 35100.

Max pain for USDINR has increased to 73.00.


Can look for Long CALL/Short PUT on drop.

Last Trading Day's Highlights for us:



1. Weekly BANKNIFTY option strategy positional trades: Initiated.
2. Weekly NIFTY option strategy positional trades: None
3. Monthly NIFTY option strategy positional trades: None
4. Monthly Stock option strategy positional trades: Initiated.
5. Monthly Currency option strategy positional trades: None








Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-non-directional-strategy-in-bank-nifty-6-6582481.html



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