Indian Market Outlook: April 06, 2021

 

NIFTY is likely to open neutral.

It is likely to remain between our short term levels.


NIFTY short term support is between 14450-14500 and resistance is between 14870-14920.


BANKNIFTY short term support is between 33290-33390 and resistance is between 33890-33990.


Max pain for NIFTY has decreased to 14650.

Max pain for BANKNIFTY has decreased to 32900.

Max pain for USDINR has remained same at 73.25.


Can look for Long PUT/Short CALL on rally.


Last Trading Day's Highlights for us:

1. Weekly BANKNIFTY option strategy positional trades: None
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






More info:
1. Moneycontrol Interview: 
2. Elearnmarkets Face2Face Interview: 
3. Interview: 
4. QuantsApp Option Expert Series: 


Trade setup:

https://www.moneycontrol.com/news/business/markets/options-trade-a-wide-range-non-directional-options-strategy-in-the-bajaj-finance-6733711.html




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