Indian Market Outlook: April 01, 2021


NIFTY is likely to open positive.

It is likely to remain between our short term levels.


NIFTY short term support is between 14600-14650 and resistance is between 14930-14980.


BANKNIFTY short term support is between 32940-33040 and resistance is between 34150-34250.


Max pain for NIFTY remains same at 14700.

Max pain for BANKNIFTY has decreaed to 33700.

Max pain for USDINR has increaseted to 73.25.


Can look for Long CALL/Short PUT on drop.



Last Trading Day's Highlights for us:

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







Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-slightly-aggressive-non-directional-options-strategy-in-adani-ports-6716221.html



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