Indian Market Outlook: March 09, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 14800-14850 and resistance is between 15160-15210.


BANKNIFTY short term support is between 34820-34920 and resistance is between 35780-35880.


Max pain for NIFTY remains same at 15000.

Max pain for BANKNIFTY is at 35400.

Max pain for USDINR remains same at 73.00.


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. Weekly NIFTY option strategy positional trades: None
3. Monthly NIFTY option strategy positional trades: None
4. Monthly Stock option strategy positional trades: Under control.
5. Monthly Currency option strategy positional trades: None








Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-option-strategy-in-the-tata-power-6621321.html



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